Free ACFE CFE Exam Dumps Questions & Answers

By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.

• A.  Fraudulent statement
• B.  Misappropriations
• C.  Conservatism
• D.  Matching

According to Marshall, ______ are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.

• A.  Assets
• B.  Credentials
• C.  Liabilities
• D.  None of above

The price of an asset on which the asset is selling at on the open market in a transaction between a willing buyer and a wiling seller is called:

• A.  Cost value
• B.  Fair value
• C.  Absolute value
• D.  material value

____________ corrupt employees can cause inventory to be fraudulently delivered to themselves or accomplices.

• A.  Fraudulent inventory slip
• B.  False credit slip
• C.  False packing slip
• D.  False shipping slip

Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:

• A.  Accruals
• B.  Depreciations
• C.  Expenses
• D.  Financial record