SOFE Exam SOFA-CFE Topic 6 Question 82 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 82
Topic #: 6

What is carried to the Exhibit of Net Investment Income, and used in calculating net investment income earned for the year?

ARevenues

Bliabilities

CExpenses

DAll of the above

Show Suggested Answer

Suggested Answer: A

by Terrilyn at Mar 10, 2024, 10:08 AM

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An

2 months ago

If liabilities are involved, does that mean I can write off my student loans as investment expenses? Asking for a friend...

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Matthew

2 months ago

All of the above? Really? I guess the examiners are feeling generous today. I'll take it!

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Lorrie

20 days ago

Thanks, I'll need it with these generous examiners!

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Lai

27 days ago

I know, it's a pleasant surprise! Good luck on the exam.

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Angelyn

1 months ago

Yes, all of the above are carried to the Exhibit of Net Investment Income.

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Erick

2 months ago

Wait, are you telling me liabilities are part of the equation? That can't be right. This question is a real head-scratcher!

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Jodi

3 months ago

Hmm, I don't know. Shouldn't revenues also be included? I mean, that's the whole point of investment, isn't it?

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Fletcher

2 months ago

User 3: I'm not sure, but I think it might be all of the above.

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Ira

2 months ago

User 2: Yeah, I agree. It makes sense to include revenues in net investment income.

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Tijuana

2 months ago

User 1: I think revenues are included in the calculation.

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Albert

3 months ago

Option C seems like the obvious choice here. Expenses are the key factor in calculating net investment income, right?

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Yoko

1 months ago

So, the correct answer is D) All of the above.

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Rana

1 months ago

Actually, you're both right. Expenses are a key factor, but all of the options are carried to the Exhibit of Net Investment Income.

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Leatha

1 months ago

I think it's D) All of the above. Revenues, liabilities, and expenses are all considered in the calculation.

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Helene

1 months ago

Actually, it's all of the above - revenues, liabilities, and expenses are used in calculating net investment income.

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Leota

2 months ago

I think it's a combination of revenues and expenses that are carried to the Exhibit of Net Investment Income.

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Pamella

2 months ago

Yes, you're correct. Expenses play a crucial role in calculating net investment income.

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Denna

3 months ago

Yes, you're right. Expenses are a crucial factor in calculating net investment income.

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Marti

3 months ago

I believe it's D) All of the above, because all these factors are used in calculating net investment income.

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Chaya

3 months ago

I agree with Jodi, revenues are carried to the Exhibit of Net Investment Income.

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Jodi

3 months ago

I think the answer is A) Revenues.

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