Free CFE-Law Exam Braindumps
Certified Fraudiner (CFE) - Law Questions 66–70 (page: 15)

Updated On: 9-Feb-2026

A tangible asset is one which is:

  1. capable of being perceived
  2. capable of being appraised
  3. Both A & B

Answer(s): C



________________normally are carried on an organization's books as expenses because they tend to be consumed by the organization within a year of purchase.

  1. Supplies
  2. Expenses
  3. Assets
  4. Equity

Answer(s): A



________________are the amounts which are owned to other entities:

  1. Supplies
  2. Expenses
  3. Assets
  4. Liabilities

Answer(s): D



Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.

  1. True
  2. False

Answer(s): B



The seller's price to the buyer is not fixed or determinable when:

  1. When the price is not contingent on some future events
  2. The transaction includes an option to exchange the product for others.
  3. A service or membership fee is not subject predictable cancellation during the contract period.
  4. Payment terms are not extended for a substantial period.

Answer(s): B



Viewing page 15 of 34
Viewing questions 71 - 75 out of 158 questions


Post your Comments and Discuss ACFE CFE-Law exam prep with other Community members:

AI Tutor AI Tutor 👋 I’m here to help!