Free CFE Exam Braindumps (page: 1)

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Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events is called:

  1. Asset
  2. Determined asset
  3. Operating Performance
  4. Investment property

Answer(s): A



What are recognized and accepted by state insurance departments in evaluating the solvency of an insurer for statutory accounting purposes?

  1. Assets
  2. Determined assets
  3. Admitted assets
  4. Altered assets

Answer(s): C



What do not contribute to an insurer's solvency as measured by statutory accounting requirements?

  1. Non-determined assets
  2. Non-admitted assets
  3. Unacknowledged assets
  4. Disallow assets

Answer(s): B



___________ is defined as an existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future event(s) occur or fail to occur.

  1. Compensation
  2. Impairment
  3. Reimbursement
  4. Contingency

Answer(s): B



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sena commented on May 31, 2019
I will see if this helps
TURKEY
upvote