Free SOFE SOFA-CFE Exam Actual Questions

The questions for SOFA-CFE were last updated On Nov 18, 2024

Question No. 1

Under GAAP, costs that vary with and are primarily related to the acquisition and issuance of insurance policies are known as:

Show Answer Hide Answer
Correct Answer: C

Question No. 2

Admissibility test must be applied to determine the amount of deferred tax asset (DTAs) that can be admitted is called:

Show Answer Hide Answer
Correct Answer: D

Question No. 3

An agreement giving the buyer the right to receive, sell or effect a cash settlement based on the actual performance of an underlying interest is called:

Show Answer Hide Answer
Correct Answer: D

Question No. 4

The evaluation of the realizability of ___________assets is made on a gross as opposed to a net basis

Show Answer Hide Answer
Correct Answer: C

Question No. 5

_____________ is a more difficult problem when the ghost is a former employee who was simply not removed from the payroll.

Show Answer Hide Answer
Correct Answer: A