Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

SOFE SOFA-CFE Exam - Topic 1 Question 45 Discussion

Which payments are not deductible in the year of accrual and only taken as a tax deduction when paid, unless the payment is made within 2fi months following the year of accrual?
B) Accrued compensation
A) Retained earning
C) Paid-In capital
D) Bond compensation

SOFE SOFA-CFE Exam - Topic 1 Question 45 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 45
Topic #: 1
[All SOFA-CFE Questions]

Which payments are not deductible in the year of accrual and only taken as a tax deduction when paid, unless the payment is made within 2fi months following the year of accrual?

Show Suggested Answer Hide Answer
Suggested Answer: B

by Shonda at May 05, 2022, 11:18 AM

Limited Time Offer

25%

Off

Get Premium SOFA-CFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Ira
8 months ago
Nope, retained earnings don't apply here.
upvoted 0 times
...
Lilli
8 months ago
Totally agree, it's all about the timing with those deductions.
upvoted 0 times
...
Winfred
9 months ago
Wait, so bond compensation isn't deductible right away? That's surprising!
upvoted 0 times
...
Katie
9 months ago
I thought it was paid-in capital, but I guess not!
upvoted 0 times
...
Chaya
9 months ago
It's definitely accrued compensation that fits this rule.
upvoted 0 times
...
Willard
9 months ago
This seems similar to a practice question we did on timing of deductions. I feel like retained earnings might be the answer, but I'm not completely confident.
upvoted 0 times
...
Casey
9 months ago
I remember something about accrued compensation being deductible only when paid, but I can't recall the exact timing rules.
upvoted 0 times
...
Portia
9 months ago
I think this question is about accrued expenses, but I'm not sure which specific payments fall into that category.
upvoted 0 times
...
Rebbecca
9 months ago
I believe bond compensation is not deductible until paid, but I need to double-check if it fits the two-and-a-half month rule.
upvoted 0 times
...
Micheline
9 months ago
Hmm, I'm not entirely sure about the size of a fax machine. I'll need to think this through carefully and consider the different options provided.
upvoted 0 times
...
James
9 months ago
I'm a bit unsure about the use of `resize()` on the `d1` deque. Does that have any impact on the final output? I'll need to double-check the documentation to make sure I understand that part.
upvoted 0 times
...
Shenika
9 months ago
Okay, I've got this. The key here is that the IPs are exhausted in the current subnet, so we need to find a way to add more IP capacity without creating a new subnet. Adding an alias IP range is the way to go.
upvoted 0 times
...
Javier
10 months ago
I remember discussing how ethical dilemmas can be tricky to identify since they're not always straightforward. So, I'm leaning towards option A.
upvoted 0 times
...

Save Cancel