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ACFE CFE Exam - Topic 1 Question 78 Discussion

The seller's price to the buyer is not fixed or determinable when:
B) The transaction includes an option to exchange the product for others.
A) When the price is not contingent on some future events
C) A service or membership fee is not subject predictable cancellation during the contract period.
D) Payment terms are not extended for a substantial period.

ACFE CFE Exam - Topic 1 Question 78 Discussion

Actual exam question for ACFE's CFE exam
Question #: 78
Topic #: 1
[All CFE Questions]

The seller's price to the buyer is not fixed or determinable when:

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Suggested Answer: B

by Quentin at Jun 10, 2025, 04:08 PM

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Karima
9 months ago
Yeah, I see why B is the right choice here!
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Coletta
9 months ago
A is wrong; price can be fixed without future events.
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Ryan
9 months ago
Wait, are we sure about C? Seems a bit off to me.
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Arlene
9 months ago
Totally agree with B! Makes sense.
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Bobbie
9 months ago
I think it's definitely B. Options can complicate pricing.
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Abel
10 months ago
I practiced a question similar to this, and I think it was about cancellation fees affecting the price, but I’m confused about the details.
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Bettina
10 months ago
I feel like the answer could be related to payment terms, but I can't recall the specifics about what makes them substantial.
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Delsie
10 months ago
I remember something about options to exchange products affecting pricing, so maybe that's the right choice here?
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Verlene
10 months ago
I think the price might not be fixed if it depends on future events, but I'm not entirely sure which option that relates to.
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Natalya
11 months ago
Ah, this is a tricky one. I'll need to be careful to distinguish between the different scenarios described in the answer choices and make sure I understand the underlying concepts.
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Tegan
11 months ago
Okay, I think I've got this. The key is to identify situations where there's uncertainty around the final selling price, like if it's contingent on future events or the customer has options to exchange the product.
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Chaya
11 months ago
Hmm, I'm a bit unsure about this one. I'll need to review the revenue recognition principles to make sure I understand the nuances of when the price is not fixed or determinable.
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Ronny
11 months ago
This seems like a straightforward question about revenue recognition. I'll need to think through the key criteria for when the seller's price is not fixed or determinable.
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