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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
4 months ago
No way, it's definitely Liabilities!
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Darrin
4 months ago
Wait, are we sure it's not Assets?
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Lemuel
4 months ago
Definitely going with D, makes the most sense!
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Virgilio
5 months ago
Liabilities are what you owe to others.
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Lucina
5 months ago
I thought Expenses were what you owe too?
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Adria
5 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
5 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
5 months ago
I remember something about liabilities being debts or obligations, so I would lean towards option D.
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Shantay
6 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
6 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
6 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
6 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
6 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
7 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
11 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
10 months ago
D) That's right, can't ignore those liabilities or you'll be in trouble.
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Alica
10 months ago
D) Liabilities are important to keep track of, just like your Uncle Vinny says!
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Jenifer
10 months ago
D) Liabilities
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Melodie
10 months ago
C) Assets
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France
11 months ago
B) Expenses
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Alba
11 months ago
A) Supplies
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Arthur
12 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
11 months ago
I agree, liabilities are debts that must be paid.
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Kathrine
11 months ago
That's right! Your grandma was wise.
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Nobuko
11 months ago
D) Liabilities are the amounts which are owned to other entities.
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Yen
12 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
10 months ago
Liabilities are important to keep track of to ensure financial stability.
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Leanna
10 months ago
Yes, you're right. Liabilities represent the obligations a company has to pay back debts.
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Ozell
11 months 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
11 months ago
Yeah, assets are what we own, so it makes sense that liabilities are what we owe.
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Oren
12 months 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
11 months ago
Exactly, it's important to keep track of both assets and liabilities in accounting.
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Anika
11 months ago
So, assets are what we own, and liabilities are what we owe.
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Dortha
11 months ago
Yeah, liabilities are like debts that need to be paid off.
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Dottie
11 months ago
I think you're right, liabilities are the amounts we owe to others.
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Ulysses
11 months ago
Exactly, it's important to keep track of both assets and liabilities in accounting.
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Angelyn
11 months ago
So, assets are what we own, and liabilities are what we owe.
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Shawn
12 months ago
Yeah, liabilities are like debts that need to be paid off.
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Kirby
12 months ago
I think you're right, liabilities are the amounts we owe to others.
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