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SOFE SOFA-CFE Exam - Topic 8 Question 44 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 44
Topic #: 8
[All SOFA-CFE Questions]

Events recognized in the financial statements that do not have tax consequences are commonly referred to as:

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Suggested Answer: A

by Willow at May 04, 2022, 12:40 AM

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Lino
4 months ago
I thought it was something else entirely, like C.
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Galen
4 months ago
A makes the most sense, no doubt about it.
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Maile
4 months ago
Wait, are we sure it's not B? Sounds interesting!
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Izetta
4 months ago
Totally agree, A is the right answer!
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Renea
4 months ago
It's definitely A, permanent differences.
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Ressie
5 months ago
I'm leaning towards A as well, but I wish I had reviewed more examples of these differences before the exam.
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Gaston
5 months ago
I feel like I might confuse this with temporary differences, which do have tax implications.
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Nicolette
5 months ago
I remember practicing a question similar to this, and I think it was about how permanent differences don't affect taxable income.
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Alpha
5 months ago
I think the answer might be A, permanent differences, but I'm not entirely sure.
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Hui
5 months ago
Okay, let's see here. The question says the routes are still being seen, even after the change to reject area 10 routes. I'll need to think through the possible reasons for that.
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Claribel
5 months ago
I'm uncertain between factorial and fractional factorial. I feel like factorial is correct, but what if it has to do with running less than all combinations?
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Karol
5 months ago
I'm feeling pretty confident about this one. Based on the image, I'd say the two actions are checking the "Show as waterfall" option and setting the dimension limit to only show the first five values. The other options don't seem to match what's shown.
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