Certified-Financial-Examiner-CFE-(CFE).pdf - Financial CFE...

CFE
Financial
Certified Financial Examiner (CFE)

QUESTION: 394
The costs that provide a benefit to a company over more than one accounting period are
called:
QUESTION: 395
_________________ are potential obligations that will materialize only if certain events
occur in future.
QUESTION: 396
According to Accounting Changes and Errors Corrections, which of the following is
NOT the type accounting change that must be disclosed to avoid misleading the user of
financial statements?
QUESTION: 397
Improper asset valuations usually fall into which of the following category?
A. Inventory valuation
B. Accounts receivable
C. Business combinations
D. All of the above

Answer: D
QUESTION: 398
To debit accounts receivables and credit sales is the typical entry under: