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ACFE CFE-Law Exam - Topic 2 Question 63 Discussion

Which of the following is a method of disguising money acquired from illegal sources by recording more income on a business's books than the business actually generates?
A) Overstating revenues
B) Reporting real estate purchases
C) Recording but not depositing revenue
D) None of the above

ACFE CFE-Law Exam - Topic 2 Question 63 Discussion

Actual exam question for ACFE's CFE-Law exam
Question #: 63
Topic #: 2
[All CFE-Law Questions]

Which of the following is a method of disguising money acquired from illegal sources by recording more income on a business's books than the business actually generates?

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Suggested Answer: A

by Raylene at Jul 09, 2025, 11:54 PM

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Vallie
5 months ago
Not sure if I buy that, seems too obvious.
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Myra
6 months ago
A is the most common method, no doubt about it.
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Marsha
6 months ago
Definitely A, overstating revenues is classic.
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Ashton
6 months ago
Wait, is this really how people do it? Sounds sketchy!
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Carissa
6 months ago
I disagree, C could also fit that description.
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Nikita
6 months ago
I recall a practice question that was similar, and it focused on how businesses manipulate their books. A seems to be the right choice, but I’m still a bit unsure.
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Tu
7 months ago
I feel like overstating revenues is definitely the most straightforward method. It seems to fit the question best.
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Merissa
7 months ago
I'm not entirely sure, but I remember something about recording but not depositing revenue being a tactic too. Maybe it's C?
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Yaeko
7 months ago
I think the answer might be A, overstating revenues. We talked about that in class as a common method for money laundering.
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Toshia
7 months ago
Okay, I think I've got it. The key is that the question is asking about a method of disguising illegal income, so A seems like the best answer.
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Vincent
8 months ago
I'm a bit confused by the wording of the question. I'll have to re-read it a few times to make sure I understand.
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Sang
8 months ago
Overstating revenues sounds like the most likely method of disguising illegal income. I'll go with A.
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Dannette
8 months ago
Hmm, I'm not sure about this one. I'll have to think it through carefully before answering.
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Brock
8 months ago
This question seems straightforward - I think the answer is A, overstating revenues.
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Boris
10 months ago
C) Recording but not depositing rBorisnue is also a method used to hide illegal money, as it creates a paper trail without actually depositing the funds.
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Lorrie
10 months ago
A) Overstating revenues can make it seem like the business is making more money than it actually is, which can help disguise illegal funds.
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Celestina
10 months ago
D) None of the above
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Rosann
10 months ago
None of the above? Well, I guess that's the only correct answer if you want to keep your money and your freedom.
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Lavonna
10 months ago
Recording but not depositing revenue? Hmm, I bet the bank tellers would get a kick out of that one.
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Bette
8 months ago
B) Reporting real estate purchases
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Valentine
9 months ago
A) Overstating revenues
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Tesha
10 months ago
Reporting real estate purchases? Really? That's like trying to cover up a bank robbery by buying a mansion.
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Tandra
8 months ago
C) Recording but not depositing revenue
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Shay
10 months ago
B) Reporting real estate purchases
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Marva
10 months ago
A) Overstating revenues
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Freida
10 months ago
C) Recording but not depositing revenue
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Adelina
10 months ago
A) Overstating revenues
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Anissa
11 months ago
Overstating revenues? That's so obvious, it's like trying to hide an elephant in a room full of mice.
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Celeste
10 months ago
C) Recording but not depositing revenue
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Tesha
10 months ago
A) Overstating revenues
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