SOFE Exam SOFA-CFE Topic 2 Question 78 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 78
Topic #: 2

[All SOFA-CFE Questions]

Which of the following is NOT the step in determining deferred tax assets and liabilities?

AIdentification

BMeasurement

CReduction

DValuation

Show Suggested Answer

Suggested Answer: A

by Earleen at Dec 09, 2023, 04:58 AM

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Javier

18 days ago

Wait, there's a 'Reduction' step? Does that mean I can just make my deferred taxes go away? Sign me up!

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Iluminada

20 days ago

I'm going with B) Measurement. Identifying and valuing the deferred tax items is the real work, not this mysterious 'reduction' step.

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Ezekiel

23 days ago

I think the answer is C) Reduction. I mean, who would want to reduce their deferred tax assets and liabilities? That's just crazy talk!

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Macy

2 days ago

A) Identification

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Hildred

1 months ago

Hmm, this one's tricky. I'm leaning towards D) Valuation, since that seems more like a separate process rather than a step.

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Alease

3 days ago

Yeah, I agree. It doesn't really fit in with the other steps.

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Eladia

19 days ago

I think you're right, D) Valuation does seem like a separate process.

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Lashawn

2 months ago

You might be right, we do need to measure and identify them first before reducing them.

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Twanna

2 months ago

No, I believe it's D) Valuation because we need to value the assets and liabilities accurately.

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Lashawn

2 months ago

I think the answer is C) Reduction.

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Leonida

2 months ago

I'm not sure, but I think C) Reduction could also be a possible answer.

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Kimbery

2 months ago

I'm pretty sure the answer is C) Reduction. That's not a step in determining deferred tax assets and liabilities.

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Marshall

12 days ago

Yeah, I agree. The correct steps are Identification, Measurement, and Valuation.

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Art

14 days ago

I think you're right, C) Reduction doesn't seem like a step in determining deferred tax assets and liabilities.

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Josue

16 days ago

Yeah, I agree. The correct steps are Identification, Measurement, and Valuation.

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Deane

18 days ago

I think you're right, C) Reduction doesn't seem like a step in determining deferred tax assets and liabilities.

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Shalon

2 months ago

I agree with Adria, because valuation is not a step in determining deferred tax assets and liabilities.

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Adria

2 months ago

I think the answer is D) Valuation.

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