SOFE Exam AFE Topic 3 Question 93 Discussion

Actual exam question for SOFE's AFE exam

Question #: 93
Topic #: 3

[All AFE Questions]

What encompasses investment income and gains and losses, as well as custody of investment and recordkeeping?

AValuation data

BVerification note

CTransaction cycle

DInvestment evaluation

Show Suggested Answer

Suggested Answer: C

by Martha at Jan 11, 2025, 12:01 AM

Limited Time Offer

25%

Off

Get Premium AFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Bulah

4 months ago

Haha, I bet the person who wrote this question has a thing for investment terminology. Anyway, I think C is the way to go.

upvoted 0 times

Abraham

3 months ago

I'm not sure, but B) Verification note could also be a possibility.

upvoted 0 times

...

Arminda

3 months ago

I'm leaning towards D) Investment evaluation, what do you think?

upvoted 0 times

...

Shaquana

3 months ago

I think it's A) Valuation data, but I could be wrong.

upvoted 0 times

...

Sabrina

3 months ago

I agree, C) Transaction cycle seems like the right answer.

upvoted 0 times

...

Nakita

4 months ago

I'll go with C) Transaction cycle. Sounds like it's the most comprehensive option here.

upvoted 0 times

Tayna

4 months ago

User 2: Yeah, it covers all aspects of investment income and recordkeeping.

upvoted 0 times

...

Mammie

4 months ago

User 1: I think C) Transaction cycle is the best choice.

upvoted 0 times

...

Corinne

5 months ago

Transaction cycle has my vote. It just seems to encompass everything the question is asking about.

upvoted 0 times

...

Dianne

5 months ago

Hmm, I'm not too sure about this one. The investment evaluation sounds like it could be the answer, but I'm open to other opinions.

upvoted 0 times

Paola

4 months ago

I'm leaning towards verification note.

upvoted 0 times

...

Jess

4 months ago

B) Verification note

upvoted 0 times

...

Antonio

4 months ago

C) Transaction cycle could play a role in managing investment custody.

upvoted 0 times

...

Rocco

4 months ago

I think it might be valuation data.

upvoted 0 times

...

Jina

4 months ago

A) Valuation data

upvoted 0 times

...

Kayleigh

5 months ago

B) Verification note might help ensure accuracy in recordkeeping.

upvoted 0 times

...

Corinne

5 months ago

A) Valuation data could also be important for tracking investment income and gains.

upvoted 0 times

...

Kenneth

5 months ago

I'm not sure, but I think it might be C) Transaction cycle, as it involves custody and recordkeeping.

upvoted 0 times

...

Omer

5 months ago

I agree with Audrie, because valuation data is crucial for investment income.

upvoted 0 times

...

Avery

5 months ago

I think the correct answer is C) Transaction cycle. It seems to cover the key aspects mentioned in the question.

upvoted 0 times

Anjelica

4 months ago

Verification note is necessary for ensuring accuracy in transactions.

upvoted 0 times

...

Yuette

4 months ago

Valuation data is also important for investment evaluation.

upvoted 0 times

...

Ressie

4 months ago

I agree, it involves the custody of investments and recordkeeping.

upvoted 0 times

...

Fernanda

5 months ago

I think the correct answer is C) Transaction cycle.

upvoted 0 times

...

Audrie

5 months ago

I think the answer is A) Valuation data.

upvoted 0 times

...