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SOFE SOFA-CFE Exam - Topic 7 Question 3 Discussion

Balances due within thirty days of the settlement date are included as a receivable for securities.
B) False
A) True

SOFE SOFA-CFE Exam - Topic 7 Question 3 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 3
Topic #: 7
[All SOFA-CFE Questions]

Balances due within thirty days of the settlement date are included as a receivable for securities.

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Suggested Answer: B

by Kenneth at May 07, 2022, 06:14 AM

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Renea
8 months ago
Not so sure about that, seems off to me.
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Elza
8 months ago
Definitely true, it's standard practice.
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Ashton
9 months ago
Wait, really? I thought it was different!
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Jesusita
9 months ago
I agree, makes sense for accounting.
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Mira
9 months ago
That's true, they are considered receivables.
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Marguerita
9 months ago
I have a vague memory that it might be false, but I can't recall the specifics. I should have reviewed that section more thoroughly.
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Rebbeca
9 months ago
This sounds familiar; I feel like we practiced a similar question in class, and the answer was true.
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Shenika
9 months ago
I'm not entirely sure, but I remember something about receivables being classified differently based on the time frame.
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Jerry
9 months ago
I think this statement is true because receivables typically include amounts due within a short period.
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Albina
9 months ago
Okay, let's see. The ships were traveling in a southern direction, so I'm guessing the answer has to do with a geographic feature in the southern region. I'll go with "coast" for now.
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Scot
9 months ago
This one seems pretty straightforward. I think the answer is hardware maintenance, since that's handled by the cloud provider in the public cloud.
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Lashonda
10 months ago
I feel pretty confident about this. The question is clearly asking about the component related to using a single improvement methodology, so I'll carefully consider each option and select the one that best matches that criteria.
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