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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
2 months ago
No way, it's definitely Liabilities!
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Darrin
3 months ago
Wait, are we sure it's not Assets?
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Lemuel
3 months ago
Definitely going with D, makes the most sense!
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Virgilio
3 months ago
Liabilities are what you owe to others.
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Lucina
3 months ago
I thought Expenses were what you owe too?
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Adria
3 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
4 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
4 months ago
I remember something about liabilities being debts or obligations, so I would lean towards option D.
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Shantay
4 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
4 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
5 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
5 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
5 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
5 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
10 months 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
8 months ago
D) That's right, can't ignore those liabilities or you'll be in trouble.
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Alica
8 months ago
D) Liabilities are important to keep track of, just like your Uncle Vinny says!
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Jenifer
8 months ago
D) Liabilities
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Melodie
9 months ago
C) Assets
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France
9 months ago
B) Expenses
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Alba
9 months ago
A) Supplies
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Arthur
10 months 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
10 months ago
I agree, liabilities are debts that must be paid.
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Kathrine
10 months ago
That's right! Your grandma was wise.
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Nobuko
10 months ago
D) Liabilities are the amounts which are owned to other entities.
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Yen
10 months 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
9 months ago
Liabilities are important to keep track of to ensure financial stability.
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Leanna
9 months ago
Yes, you're right. Liabilities represent the obligations a company has to pay back debts.
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Ozell
9 months ago
I agree with you, D) Liabilities are the amounts owed to other entities.
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Lyla
11 months ago
But what about C) Assets? Aren't those also amounts owned by a company?
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Lourdes
11 months 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
10 months ago
Yeah, assets are what we own, so it makes sense that liabilities are what we owe.
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Oren
10 months ago
I agree, liabilities are definitely the amounts we owe to others.
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Tomas
11 months ago
I agree with Renea, liabilities are amounts owed to other entities.
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Renea
11 months ago
I think the answer is D) Liabilities.
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Rebbeca
11 months 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
9 months ago
Exactly, it's important to keep track of both assets and liabilities in accounting.
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Anika
9 months ago
So, assets are what we own, and liabilities are what we owe.
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Dortha
9 months ago
Yeah, liabilities are like debts that need to be paid off.
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Dottie
9 months ago
I think you're right, liabilities are the amounts we owe to others.
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Ulysses
10 months ago
Exactly, it's important to keep track of both assets and liabilities in accounting.
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Angelyn
10 months ago
So, assets are what we own, and liabilities are what we owe.
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Shawn
10 months ago
Yeah, liabilities are like debts that need to be paid off.
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Kirby
10 months ago
I think you're right, liabilities are the amounts we owe to others.
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