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ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 5 Question 76 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 76
Topic #: 5
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.

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Suggested Answer: B

by Cory at Oct 22, 2023, 09:15 PM

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Vinnie
14 days ago
But asset misappropriations can lead to financial losses, affecting both liabilities and equity.
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Freeman
20 days ago
I disagree, I believe the answer is B) False.
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Vinnie
25 days ago
I think the answer is A) True.
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