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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 1 Question 79 Discussion

According to Marshall, ______ are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.
D) None of above
A) Assets
B) Liabilities
C) Credentials

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 1 Question 79 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 79
Topic #: 1
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

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

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Suggested Answer: D

by Bernardo at Dec 22, 2023, 04:07 AM

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Isabella
9 months ago
Not so sure about that, sounds too simple.
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Elfriede
9 months ago
100% agree, it’s all about assets!
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Edward
10 months ago
Wait, are credentials even a thing in this context?
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Gerald
10 months ago
I thought it was liabilities at first.
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Maryann
10 months ago
Definitely A, assets are key!
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Darci
10 months ago
I’m pretty confident it’s A, assets. It matches the definition we went over in class about future economic benefits.
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Luisa
11 months ago
I’m a bit confused. I thought it might be liabilities at first, but now I’m questioning that.
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Vallie
11 months ago
I remember practicing a similar question where we discussed the definitions of assets and liabilities. I’m leaning towards A as well.
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Luz
11 months ago
I think the answer is A, assets, but I’m not completely sure. It sounds familiar from our textbook.
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Delbert
11 months ago
This seems straightforward enough. I'm pretty confident that the answer is A, assets. That definition sounds familiar from our textbook and class discussions. I'll double-check my answer, but I think I've got this one.
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Gail
11 months ago
I'm a bit confused by the wording of the question. Is it asking about the definition of assets, liabilities, or something else? I'll need to re-read the question and the answer choices a few times to make sure I understand what they're looking for.
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Shawna
11 months ago
Okay, I've got this. The question is asking about the definition of assets according to Marshall. I remember we discussed this in the last lecture, so I should be able to identify the correct answer.
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Alline
11 months ago
Hmm, I'm a little unsure about this one. I know we covered the definition of assets in class, but I can't quite remember the exact wording. I'll have to think this through carefully.
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Beata
11 months ago
This looks like a straightforward accounting definition question. I'll start by carefully reading the question and the answer choices to make sure I understand what they're asking.
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Candra
11 months ago
Hmm, I'm a bit unsure about this one. Should I just copy the values from the code snippets and paste them into the layout panel, or is there a better way to handle this task in the Visual Experience Composer?
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Audry
11 months ago
This question seems straightforward, but I want to make sure I understand the exhibit properly before answering.
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Eloisa
11 months ago
This seems like a pretty straightforward question about mobile performance testing. I think I've got a good handle on the types of data a mobile testing tool should be able to monitor.
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Casie
11 months ago
Okay, let's see. Userids, passwords, and access profiles are all logical controls, so the answer must be employee badges.
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Agustin
1 year ago
I bet Marshall would have a hilarious way of describing assets. 'Economic benefits? More like economic party favors, am I right?'
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Nicolette
1 year ago
A) Assets, for sure. I can practically hear Marshall's voice in my head explaining this concept. Easy peasy!
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Chanel
1 year ago
A) Assets, for sure. I can practically hear Marshall's voice in my head explaining this concept. Easy peasy!
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Audria
1 year ago
D) None of above
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Delsie
1 year ago
C) Credentials
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Julio
1 year ago
B) Liabilities
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Sheridan
1 year ago
A) Assets
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Mollie
1 year ago
D) None of the above? Really? That's a bold choice. I better read this question again more carefully.
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Arminda
1 year ago
Wait, is this a trick question? Could it be C) Credentials? I mean, those are kind of like economic benefits, right? Nah, probably not.
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Izetta
1 year ago
B) Liabilities
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Tess
1 year ago
No, it's not a trick question. Assets are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.
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Gaynell
1 year ago
A) Assets
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Lashon
1 year ago
Hmm, this sounds like a classic accounting question. I'm pretty sure the answer is A) Assets, but let me double-check my notes just to be sure.
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Luis
1 year ago
Assets are definitely the correct answer in this case.
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Brendan
1 year ago
Yes, assets are resources controlled by a company as a result of past transactions.
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Barrett
1 year ago
I think you're right, assets are probable future economic benefits.
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Hannah
1 year ago
I think liabilities could also be considered as future economic benefits in some cases.
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Jesusita
1 year ago
I agree with Yoko, assets are probable future economic benefits.
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Yoko
1 year ago
A) Assets
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Dominga
1 year ago
B) Liabilities
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Aliza
1 year ago
I agree with Harris, assets are probable future economic benefits.
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Harris
1 year ago
A) Assets
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