ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 10 Question 94 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam

Question #: 94
Topic #: 10

[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

___________ is to allow the owner, investors, creditors and others with an interest to know the appropriate book worth of the business at a particular date.

AEquity

BBalance sheet

CIncome statement

DFinancial record

Show Suggested Answer

Suggested Answer: B

by Orville at Aug 08, 2024, 12:49 PM

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Rosenda

6 days ago

Balance sheet, of course! That's the financial statement that shows the company's assets, liabilities, and equity at a specific point in time.

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Abel

13 days ago

I agree with Maira, the balance sheet provides a snapshot of the company's assets, liabilities, and equity.

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Maira

14 days ago

I think it's B) Balance sheet because it shows the financial position of the business at a specific date.

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Leonor

19 days ago

B) Balance sheet

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