SOFE Exam SOFA-CFE Topic 8 Question 101 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 101
Topic #: 8

Issuance of a duplicate or replacement check without voiding the original entry can result in paying a claim twice -- once to the claimant and again to:

Adeposited cash

Bservice charges

Cescheat fund

Daggregate write-ins

Show Suggested Answer

Suggested Answer: C

by Roslyn at Sep 18, 2024, 12:17 PM

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Janae

2 months ago

This question is like a magic trick - the answer is hidden in plain sight, but you have to really focus to see it.

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Lelia

11 days ago

D) aggregate write-ins

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Dulce

16 days ago

C) escheat fund

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Franklyn

1 months ago

A) deposited cash

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Burma

2 months ago

A) deposited cash? Seriously? That's just throwing good money after bad. I'm going with C, no doubt about it.

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Erin

30 days ago

Definitely, it's important to avoid paying a claim twice by being careful with check issuance.

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Shayne

1 months ago

Yeah, issuing a duplicate check without voiding the original can cause a lot of problems.

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Micah

1 months ago

I agree, C is the correct answer. It goes to the escheat fund.

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Vivienne

3 months ago

D) aggregate write-ins? Sounds like an accounting term, but I'm not convinced that's the right answer here.

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Tomoko

2 months ago

D) aggregate write-ins? Sounds like an accounting term, but I'm not convinced that's the right answer here.

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Clay

2 months ago

C) escheat fund

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Myra

2 months ago

A) deposited cash

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Veronika

3 months ago

I'm going with C) escheat fund. Feels like the most logical option to me, but I'll double-check just to be sure.

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Isreal

2 months ago

Let's make sure to verify the correct answer before finalizing our choice.

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Hildegarde

2 months ago

I'm leaning towards C) escheat fund as well.

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Maia

2 months ago

I agree, it makes sense to double-check just to be sure.

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Luisa

2 months ago

I think C) escheat fund is the correct answer.

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Keneth

3 months ago

Paying a claim twice? That's like getting a refund for the same item twice - it's a recipe for financial disaster!

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Luz

2 months ago

C) escheat fund

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Leslie

2 months ago

A) deposited cash

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Johnetta

3 months ago

I'm not sure, but I think it could also be D) aggregate write-ins because it involves recording multiple items together.

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Ahmed

4 months ago

I agree with Rex, because escheat fund is where unclaimed property goes.

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Rex

4 months ago

I think the answer is C) escheat fund.

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