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ACFE CFE Exam - Topic 1 Question 76 Discussion

__________ are the amounts which are owned to other entities:
D) Liabilities
A) Supplies
B) Expenses
C) Assets

ACFE CFE Exam - Topic 1 Question 76 Discussion

Actual exam question for ACFE's CFE exam
Question #: 76
Topic #: 1
[All CFE Questions]

__________ are the amounts which are owned to other entities:

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Suggested Answer: D

by Abel at Apr 05, 2025, 04:29 AM

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Shay
7 months ago
No way, it's definitely Liabilities!
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Darrin
7 months ago
Wait, are we sure it's not Assets?
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Lemuel
7 months ago
Definitely going with D, makes the most sense!
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Virgilio
8 months ago
Liabilities are what you owe to others.
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Lucina
8 months ago
I thought Expenses were what you owe too?
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Adria
8 months ago
I keep mixing up assets and liabilities. Are liabilities really what we owe? I hope I get this right!
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Valentine
8 months ago
I feel like I saw a similar question in our practice tests, and it was definitely about liabilities.
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Alana
8 months ago
I remember something about liabilities being debts or obligations, so I would lean towards option D.
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Shantay
9 months ago
I think this might be about what a company owes, so maybe it's liabilities? But I'm not completely sure.
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Barrie
9 months ago
The key here is understanding the definition of Liabilities. That's the amount owed to other entities, so that's the correct answer. A good strategy is to focus on the definitions of the terms.
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Magnolia
9 months ago
Ugh, I'm so confused by this question. Is it Supplies, Expenses, Assets, or Liabilities? I'm going to have to review my notes before answering.
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Raylene
9 months ago
Okay, I've got this. Liabilities are the amounts owed to other entities, so that's definitely the right answer. Feeling confident about this one.
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Jerlene
9 months ago
Hmm, I'm not totally sure about this one. I'm debating between Liabilities and Assets. I'll have to think it through carefully.
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Timmy
10 months ago
This one seems pretty straightforward. I think the answer is Liabilities, since that refers to the amounts owed to other entities.
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Lisha
1 year ago
D) Liabilities, all the way! Just like my Uncle Vinny always says, 'You can't skip out on your debts, or the mob will be knocking on your door.'
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Arlen
1 year ago
D) That's right, can't ignore those liabilities or you'll be in trouble.
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Alica
1 year ago
D) Liabilities are important to keep track of, just like your Uncle Vinny says!
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Jenifer
1 year ago
D) Liabilities
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Melodie
1 year ago
C) Assets
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France
1 year ago
B) Expenses
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Alba
1 year ago
A) Supplies
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Arthur
1 year ago
I'm going with D) Liabilities, baby! It's like my grandma used to say, 'If you owe it, you gotta pay it.' Ain't no getting around that one.
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Lavera
1 year ago
I agree, liabilities are debts that must be paid.
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Kathrine
1 year ago
That's right! Your grandma was wise.
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Nobuko
1 year ago
D) Liabilities are the amounts which are owned to other entities.
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Yen
1 year ago
Hmm, this is a real head-scratcher. But I'm feeling confident in D) Liabilities. Gotta pay the piper, you know? Can't keep the creditors waiting forever.
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Roxanne
1 year ago
Liabilities are important to keep track of to ensure financial stability.
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Leanna
1 year ago
Yes, you're right. Liabilities represent the obligations a company has to pay back debts.
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Ozell
1 year ago
I agree with you, D) Liabilities are the amounts owed to other entities.
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Lyla
1 year ago
But what about C) Assets? Aren't those also amounts owned by a company?
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Lourdes
1 year ago
Liabilities, for sure! Ain't no way I'm picking 'Supplies' or 'Expenses' - those are just things we use up, not what we owe. Simple as that!
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Alyce
1 year ago
Yeah, assets are what we own, so it makes sense that liabilities are what we owe.
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Oren
1 year ago
I agree, liabilities are definitely the amounts we owe to others.
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Tomas
1 year ago
I agree with Renea, liabilities are amounts owed to other entities.
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Renea
1 year ago
I think the answer is D) Liabilities.
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Rebbeca
1 year ago
Ooh, this one's a toughie! Let's see, I'm gonna have to go with D) Liabilities. Gotta pay up what we owe, right?
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Jesusita
1 year ago
Exactly, it's important to keep track of both assets and liabilities in accounting.
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Anika
1 year ago
So, assets are what we own, and liabilities are what we owe.
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Dortha
1 year ago
Yeah, liabilities are like debts that need to be paid off.
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Dottie
1 year ago
I think you're right, liabilities are the amounts we owe to others.
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Ulysses
1 year ago
Exactly, it's important to keep track of both assets and liabilities in accounting.
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Angelyn
1 year ago
So, assets are what we own, and liabilities are what we owe.
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Shawn
1 year ago
Yeah, liabilities are like debts that need to be paid off.
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Kirby
1 year ago
I think you're right, liabilities are the amounts we owe to others.
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