SOFE SOFA-CFE Exam - Topic 6 Question 123 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 123
Topic #: 6

[All SOFA-CFE Questions]

Financial statement carrying amount exceeds tax basis for assets in:

AFinancial taxable amounts

BTax-basis balance sheet

CFuture taxable amounts

DLoss reserves

Show Suggested Answer

Suggested Answer: C

by Shaniqua at Mar 30, 2026, 10:10 AM

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Elly

9 hours ago

I think it's C) Future taxable amounts. Makes sense for deferred taxes.

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Deangelo

6 days ago

Agreed, C makes the most sense here!

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Daren

11 days ago

Wait, are we sure about that? Seems off.

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Darci

16 days ago

No way, it's D) Loss reserves!

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Darrel

2 months ago

I thought it was A) Financial taxable amounts.

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Yolande

2 months ago

Definitely C) Future taxable amounts!

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Blythe

3 months ago

I practiced a question like this last week, and I think it was about how financial statements reflect future taxable amounts. So I’m leaning towards C).

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Yoko

3 months ago

I have a vague memory of loss reserves being related to this topic, but I don't think it's the correct answer. Maybe it's A) or C) instead?

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Latrice

3 months ago

I remember discussing financial taxable amounts, but I can't recall if that's the right choice here. It feels like it could be A) or C).

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Skye

4 months ago

I think the answer might be C) Future taxable amounts, but I'm not entirely sure. We covered something similar in class.

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