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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 2 Question 128 Discussion

The difference between assets and liabilities is called:
A) Equity
B) Expense
C) Revenue
D) Income statement

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 2 Question 128 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 128
Topic #: 2
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

The difference between assets and liabilities is called:

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Suggested Answer: A

by Andra at Jun 22, 2026, 09:14 AM

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Helaine
4 days ago
Exactly! Equity is the difference.
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Dell
9 days ago
B) Expense doesn’t fit here. It’s about ownership, not costs.
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Ashley
15 days ago
I’m not sure, but A sounds right. What about B?
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Helaine
20 days ago
Agreed! Equity shows ownership after liabilities.
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Dell
25 days ago
I think it's A) Equity. It makes sense!
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Fernanda
1 month ago
I thought it was something else, this is confusing!
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Dulce
1 month ago
A) Equity is correct, no doubt!
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Levi
1 month ago
Wait, are we sure about that?
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Louann
2 months ago
Totally agree, that's the right answer!
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Karon
2 months ago
It's definitely A) Equity!
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Darnell
2 months ago
I’m leaning towards equity too, but I keep mixing it up with income statements. I hope I remember it correctly!
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Rima
2 months ago
I’m not entirely confident, but I remember that expenses and revenue are different concepts. Could equity really be the answer?
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Frank
2 months ago
I feel like I’ve seen a question like this before, and I think equity is definitely the right answer.
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Marlon
2 months ago
I think the difference between assets and liabilities is equity, but I'm not completely sure. I remember something about it from my notes.
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