CFE - Financial Transactions and Fraud Schemes Exam Questions and Answers (Page: 6)

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

Answer(s): A

__________ are the amounts which are owned to other entities:

Answer(s): D

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

Answer(s): B

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

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

Answer(s): B

The difference between assets and liabilities is called:

Answer(s): A

ACFE CFE - Financial Transactions and Fraud Schemes Exam (page: 6) ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Updated on: 25-Dec-2025