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SOFE SOFA-CFE Exam - Topic 3 Question 11 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 11
Topic #: 3
[All SOFA-CFE Questions]

The costs that provide a benefit to a company over more than one accounting period are called:

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Suggested Answer: A

by Ilene at May 06, 2022, 03:15 AM

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Eleonora
4 months ago
Capital expenses provide long-term benefits.
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Shanice
4 months ago
Wait, are you sure it's not asset expenses?
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Aide
4 months ago
Capital expenses are the right term here.
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Catina
4 months ago
I thought it was revenue expenses at first.
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Marjory
4 months ago
Definitely capital expenses!
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Youlanda
5 months ago
Could it be C, asset expenses? I’m a bit confused about the terminology used in these questions.
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Steffanie
5 months ago
I feel like I've seen a similar question before, and it was definitely about capital expenses being the right choice.
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Cassandra
5 months ago
I'm not entirely sure, but I remember something about revenue expenses being more short-term.
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Basilia
5 months ago
I think the answer might be A, capital expenses, because they usually provide long-term benefits.
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Casie
5 months ago
I'm a little stuck on this one. I know JSON is human-readable, but I'm not sure about the others. I'll have to think it through carefully.
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Odelia
5 months ago
The key here is understanding the legal and regulatory constraints around cloud services. I'd say the first thing to consider is whether the country where the cloud service is based has any laws that could impede the penetration test.
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Adaline
5 months ago
Okay, I've got this. Responsibility accounting groups costs and revenues based on the budget holder who is accountable for them. I'm confident I can select the right answer.
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