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ACFE CFE Exam - Topic 1 Question 83 Discussion

Actual exam question for ACFE's CFE exam
Question #: 83
Topic #: 1
[All CFE Questions]

_________ normally are carried on an organization's books as expenses because they tend to be consumed by the organization within a year of purchase.

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Suggested Answer: A

by Ashanti at Oct 17, 2025, 07:04 AM

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Carli
12 days ago
A) Supplies is the best choice. Clear and straightforward!
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Miesha
17 days ago
D) Equity is definitely wrong. Not related to expenses.
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Tyra
22 days ago
C) Assets doesn’t fit. They last longer than a year.
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Sherron
27 days ago
I’m leaning towards B) Expenses. But it feels too broad.
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Lynelle
1 month ago
I think it's A) Supplies. They get used up quickly.
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Malcom
1 month ago
Yeah, Supplies are used up fast, so A fits.
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Hortencia
1 month ago
Surprised this isn't a trick question!
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Isaiah
2 months ago
I think it's A too, makes sense.
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Kenia
2 months ago
Haha, who would even consider D) Equity? That's just plain wrong!
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Gerardo
2 months ago
A) Supplies, hands down. This is Accounting 101, people.
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Ilda
2 months ago
B) Expenses, no doubt. I could've answered this one in my sleep.
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Serita
2 months ago
C) Assets? Really? That's just silly. Everyone knows supplies are expenses, not assets.
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Renay
2 months ago
A) Supplies, of course! I mean, who doesn't know that supplies are expensed as they're consumed?
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Louann
3 months ago
Supplies are definitely the right answer!
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Alex
3 months ago
I feel pretty confident about this one. Supplies are consumed within a year, so they're normally recorded as expenses. I'll select A) Supplies.
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Daisy
3 months ago
Agreed, A) Supplies makes sense. They’re short-term.
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Ollie
3 months ago
Wait, are we sure it's not Expenses?
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Becky
3 months ago
Assets are things the company owns that have value, so I don't think it's C) Assets. I'm leaning towards A) Supplies.
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Aileen
4 months ago
I'm a little unsure about this one. I'll need to review my notes on the differences between assets, expenses, and equity.
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Staci
4 months ago
Okay, I know supplies are usually expensed right away, so I'm going to go with A) Supplies.
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Elden
4 months ago
Hmm, this seems like a straightforward accounting question. I'll need to think about the definitions of the different account types.
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Alishia
4 months ago
I thought it could be B) Expenses too, but that seems too broad. Supplies seems more specific.
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Marge
5 months ago
This question reminds me of a practice question we did on categorizing costs. I feel like A) Supplies fits best.
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Royce
5 months ago
I'm not entirely sure, but I remember something about expenses being recorded differently than assets.
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Karina
5 months ago
I think the answer might be A) Supplies, since they are usually used up quickly.
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