SOFE Exam AFE Topic 3 Question 93 Discussion

Actual exam question for SOFE's AFE exam

Question #: 93
Topic #: 3

[All AFE Questions]

What encompasses investment income and gains and losses, as well as custody of investment and recordkeeping?

AValuation data

BVerification note

CTransaction cycle

DInvestment evaluation

Show Suggested Answer

Suggested Answer: C

by Martha at Jan 11, 2025, 12:01 AM

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Bulah

5 months ago

Haha, I bet the person who wrote this question has a thing for investment terminology. Anyway, I think C is the way to go.

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Abraham

4 months ago

I'm not sure, but B) Verification note could also be a possibility.

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Arminda

4 months ago

I'm leaning towards D) Investment evaluation, what do you think?

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Shaquana

4 months ago

I think it's A) Valuation data, but I could be wrong.

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Sabrina

4 months ago

I agree, C) Transaction cycle seems like the right answer.

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Nakita

5 months ago

I'll go with C) Transaction cycle. Sounds like it's the most comprehensive option here.

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Tayna

5 months ago

User 2: Yeah, it covers all aspects of investment income and recordkeeping.

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Mammie

5 months ago

User 1: I think C) Transaction cycle is the best choice.

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Corinne

6 months ago

Transaction cycle has my vote. It just seems to encompass everything the question is asking about.

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Dianne

6 months ago

Hmm, I'm not too sure about this one. The investment evaluation sounds like it could be the answer, but I'm open to other opinions.

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Paola

5 months ago

I'm leaning towards verification note.

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Jess

5 months ago

B) Verification note

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Antonio

5 months ago

C) Transaction cycle could play a role in managing investment custody.

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Rocco

5 months ago

I think it might be valuation data.

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Jina

5 months ago

A) Valuation data

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Kayleigh

6 months ago

B) Verification note might help ensure accuracy in recordkeeping.

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Corinne

6 months ago

A) Valuation data could also be important for tracking investment income and gains.

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Kenneth

6 months ago

I'm not sure, but I think it might be C) Transaction cycle, as it involves custody and recordkeeping.

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Omer

6 months ago

I agree with Audrie, because valuation data is crucial for investment income.

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Avery

6 months ago

I think the correct answer is C) Transaction cycle. It seems to cover the key aspects mentioned in the question.

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Anjelica

5 months ago

Verification note is necessary for ensuring accuracy in transactions.

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Yuette

5 months ago

Valuation data is also important for investment evaluation.

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Ressie

5 months ago

I agree, it involves the custody of investments and recordkeeping.

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Fernanda

6 months ago

I think the correct answer is C) Transaction cycle.

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Audrie

6 months ago

I think the answer is A) Valuation data.

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