Free CFE - Law Exam Braindumps (page: 21)

Page 21 of 41

________________decrease assets and expenses and/or increase liabilities and/or equity

  1. Journal Entries
  2. Debit
  3. Credit
  4. None of all

Answer(s): C



The excess credits (or debits) on the income statement are used to decrease (or increase) the equity account.

  1. True
  2. False

Answer(s): B



Delivery has not occurred or services have not been rendered when:

  1. Until installation and customer testing and acceptance has occurred.
  2. A written order exists but contains a right of return.
  3. Both A & B
  4. Neither A nor B

Answer(s): B



________________and are used to increase (or decrease) the equity account.

  1. Journal Entries & Debit
  2. Journal Entries & transactions
  3. Journal Entries & Credit
  4. None of all

Answer(s): B



Page 21 of 41



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Bosco Oico commented on December 28, 2024
Yes. i have used this dump for CFE Investigations test yesterday- i found it useful because questions about 60% were closely related and some were exact. The only thing that needs to be improved is the accuracy of the answers. If some one read the CFE manual well, you will notice that some answers as they are answered according to the ACFE standard. So, i encourage anyone using Brain to verify answers, otherwise, its a good source to create confidence and sure pass
UGANDA
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