ACFE Exam CFE Topic 4 Question 71 Discussion

Actual exam question for ACFE's CFE exam

Question #: 71
Topic #: 4

[All CFE Questions]

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

AWhen the price is not contingent on some future events

BThe transaction includes an option to exchange the product for others.

CA service or membership fee is not subject predictable cancellation during the contract period.

DPayment terms are not extended for a substantial period.

Show Suggested Answer

Suggested Answer: D

by Nilsa at Jan 09, 2025, 06:23 AM

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Andra

12 days ago

Hmm, I'm not sure about this one. I was leaning towards option C, but now I'm doubting myself. Maybe I should re-read the question more carefully.

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Anika

13 days ago

I think option B is the correct answer. The seller's price is not fixed or determinable if the transaction includes an option to exchange the product for others.

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Ashley

14 days ago

But what about option B) The transaction includes an option to exchange the product for others? That could also make the price not fixed, right?

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Lashawnda

16 days ago

I agree with Merilyn, because if the price is not fixed or determinable, it must be based on something else.

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Merilyn

19 days ago

I think the answer is A) When the price is not contingent on some future events.

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