SOFE Exam SOFA-CFE Topic 6 Question 82 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 82
Topic #: 6

What is carried to the Exhibit of Net Investment Income, and used in calculating net investment income earned for the year?

ARevenues

Bliabilities

CExpenses

DAll of the above

Show Suggested Answer

Suggested Answer: A

by Terrilyn at Mar 10, 2024, 10:08 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

An

1 months ago

If liabilities are involved, does that mean I can write off my student loans as investment expenses? Asking for a friend...

upvoted 0 times

...

Matthew

1 months ago

All of the above? Really? I guess the examiners are feeling generous today. I'll take it!

upvoted 0 times

...

Erick

1 months ago

Wait, are you telling me liabilities are part of the equation? That can't be right. This question is a real head-scratcher!

upvoted 0 times

...

Jodi

1 months ago

Hmm, I don't know. Shouldn't revenues also be included? I mean, that's the whole point of investment, isn't it?

upvoted 0 times

Fletcher

25 days ago

User 3: I'm not sure, but I think it might be all of the above.

upvoted 0 times

...

Ira

1 months ago

User 2: Yeah, I agree. It makes sense to include revenues in net investment income.

upvoted 0 times

...

Tijuana

1 months ago

User 1: I think revenues are included in the calculation.

upvoted 0 times

...

Albert

2 months ago

Option C seems like the obvious choice here. Expenses are the key factor in calculating net investment income, right?

upvoted 0 times

Rana

5 days ago

Actually, you're both right. Expenses are a key factor, but all of the options are carried to the Exhibit of Net Investment Income.

upvoted 0 times

...

Leatha

6 days ago

I think it's D) All of the above. Revenues, liabilities, and expenses are all considered in the calculation.

upvoted 0 times

...

Helene

8 days ago

Actually, it's all of the above - revenues, liabilities, and expenses are used in calculating net investment income.

upvoted 0 times

...

Leota

19 days ago

I think it's a combination of revenues and expenses that are carried to the Exhibit of Net Investment Income.

upvoted 0 times

...

Pamella

19 days ago

Yes, you're correct. Expenses play a crucial role in calculating net investment income.

upvoted 0 times

...

Denna

1 months ago

Yes, you're right. Expenses are a crucial factor in calculating net investment income.

upvoted 0 times

...

Marti

2 months ago

I believe it's D) All of the above, because all these factors are used in calculating net investment income.

upvoted 0 times

...

Chaya

2 months ago

I agree with Jodi, revenues are carried to the Exhibit of Net Investment Income.

upvoted 0 times

...

Jodi

2 months ago

I think the answer is A) Revenues.

upvoted 0 times

...