ACFE Exam CFE Topic 1 Question 76 Discussion

Actual exam question for ACFE's CFE exam

Question #: 76
Topic #: 1

[All CFE Questions]

__________ are the amounts which are owned to other entities:

ASupplies

BExpenses

CAssets

DLiabilities

Show Suggested Answer

Suggested Answer: D

by Abel at Apr 05, 2025, 04:29 AM

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Lisha

1 months ago

D) Liabilities, all the way! Just like my Uncle Vinny always says, 'You can't skip out on your debts, or the mob will be knocking on your door.'

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Melodie

6 days ago

C) Assets

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France

14 days ago

B) Expenses

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Alba

17 days ago

A) Supplies

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Arthur

1 months ago

I'm going with D) Liabilities, baby! It's like my grandma used to say, 'If you owe it, you gotta pay it.' Ain't no getting around that one.

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Lavera

30 days ago

I agree, liabilities are debts that must be paid.

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Kathrine

1 months ago

That's right! Your grandma was wise.

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Nobuko

1 months ago

D) Liabilities are the amounts which are owned to other entities.

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Yen

2 months ago

Hmm, this is a real head-scratcher. But I'm feeling confident in D) Liabilities. Gotta pay the piper, you know? Can't keep the creditors waiting forever.

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Roxanne

4 days ago

Liabilities are important to keep track of to ensure financial stability.

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Leanna

5 days ago

Yes, you're right. Liabilities represent the obligations a company has to pay back debts.

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Ozell

15 days ago

I agree with you, D) Liabilities are the amounts owed to other entities.

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Lyla

2 months ago

But what about C) Assets? Aren't those also amounts owned by a company?

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Lourdes

2 months ago

Liabilities, for sure! Ain't no way I'm picking 'Supplies' or 'Expenses' - those are just things we use up, not what we owe. Simple as that!

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Alyce

1 months ago

Yeah, assets are what we own, so it makes sense that liabilities are what we owe.

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Oren

2 months ago

I agree, liabilities are definitely the amounts we owe to others.

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Tomas

2 months ago

I agree with Renea, liabilities are amounts owed to other entities.

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Renea

2 months ago

I think the answer is D) Liabilities.

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Rebbeca

2 months ago

Ooh, this one's a toughie! Let's see, I'm gonna have to go with D) Liabilities. Gotta pay up what we owe, right?

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Jesusita

17 days ago

Exactly, it's important to keep track of both assets and liabilities in accounting.

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Anika

19 days ago

So, assets are what we own, and liabilities are what we owe.

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Dortha

21 days ago

Yeah, liabilities are like debts that need to be paid off.

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Dottie

22 days ago

I think you're right, liabilities are the amounts we owe to others.

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Ulysses

1 months ago

Exactly, it's important to keep track of both assets and liabilities in accounting.

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Angelyn

1 months ago

So, assets are what we own, and liabilities are what we owe.

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Shawn

1 months ago

Yeah, liabilities are like debts that need to be paid off.

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Kirby

2 months ago

I think you're right, liabilities are the amounts we owe to others.

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