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

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

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

Suggested Answer: D

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40 comments · newest first
IS
Isabella 11 months ago
Not so sure about that, sounds too simple.
EL
Elfriede 11 months ago
100% agree, it’s all about assets!
ED
Edward 11 months ago
Wait, are credentials even a thing in this context?
GE
Gerald 12 months ago
I thought it was liabilities at first.
MA
Maryann 12 months ago
Definitely A, assets are key!
DA
Darci 12 months ago
I’m pretty confident it’s A, assets. It matches the definition we went over in class about future economic benefits.
LU
Luisa 1 year ago
I’m a bit confused. I thought it might be liabilities at first, but now I’m questioning that.
VA
Vallie 1 year ago
I remember practicing a similar question where we discussed the definitions of assets and liabilities. I’m leaning towards A as well.
LU
Luz 1 year ago
I think the answer is A, assets, but I’m not completely sure. It sounds familiar from our textbook.
DE
Delbert 1 year 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.
GA
Gail 1 year 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.
SH
Shawna 1 year 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.
AL
Alline 1 year 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.
BE
Beata 1 year 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.
CA
Candra 1 year 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?
AU
Audry 1 year ago
This question seems straightforward, but I want to make sure I understand the exhibit properly before answering.
EL
Eloisa 1 year 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.
CA
Casie 1 year ago
Okay, let's see. Userids, passwords, and access profiles are all logical controls, so the answer must be employee badges.
AG
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?'
NI
Nicolette 1 year ago
A) Assets, for sure. I can practically hear Marshall's voice in my head explaining this concept. Easy peasy!
CH
Chanel 1 year ago
↳ replying to Nicolette
A) Assets, for sure. I can practically hear Marshall's voice in my head explaining this concept. Easy peasy!
AU
Audria 1 year ago
↳ replying to Nicolette
D) None of above
DE
Delsie 1 year ago
↳ replying to Nicolette
C) Credentials
JU
Julio 1 year ago
↳ replying to Nicolette
B) Liabilities
SH
Sheridan 1 year ago
↳ replying to Nicolette
A) Assets
MO
Mollie 1 year ago
D) None of the above? Really? That's a bold choice. I better read this question again more carefully.
AR
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.
IZ
Izetta 1 year ago
↳ replying to Arminda
B) Liabilities
TE
Tess 1 year ago
↳ replying to Arminda
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.
GA
Gaynell 1 year ago
↳ replying to Arminda
A) Assets
LA
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.
LU
Luis 1 year ago
↳ replying to Lashon
Assets are definitely the correct answer in this case.
BR
Brendan 1 year ago
↳ replying to Lashon
Yes, assets are resources controlled by a company as a result of past transactions.
BA
Barrett 1 year ago
↳ replying to Lashon
I think you're right, assets are probable future economic benefits.
HA
Hannah 2 years ago
I think liabilities could also be considered as future economic benefits in some cases.
JE
Jesusita 2 years ago
I agree with Yoko, assets are probable future economic benefits.
YO
Yoko 2 years ago
A) Assets
DO
Dominga 2 years ago
B) Liabilities
AL
Aliza 2 years ago
I agree with Harris, assets are probable future economic benefits.
HA
Harris 2 years ago
A) Assets
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