Free CFEX Exam Braindumps (page: 7)

Page 7 of 41

A tangible asset is one which is:

  1. capable of being perceived
  2. capable of being appraised
  3. Both A & B
  4. Neither A nor 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



Page 7 of 41



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Boopathy commented on August 17, 2023
i need this dump kindly upload it
Anonymous
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Boopathy commented on August 17, 2023
i need this dump kindly upload it
Anonymous
upvote

SKS commented on August 26, 2015
Just downloaded and hope it will be helpful for my exam preparations and will update further after completing my exams
UNITED STATES
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