Free Access ACFE.CFE.v2022-05-27.q112 Practice Test (Page 13)

Question 56

A journal in which all sales made on credit or cash are listed is:

A.Disbursement journal

B.Accounts payable journal

C.Accounts receivable journal

D.General journal

Question 57

Which of the following is NOT the reason to bribe employees of the purchaser?

A.To ensure receipt of a late bid

B.To falsify the bid log

C.To extend the bid opening date

D.To ensure bid-splitting

Question 58

Which of the following are not of Basic types of non-sharable problems?

A.Violation of ascribed obligations

B.Larceny by Fraud

C.Business reversals

D.Physical Isolation

Question 59

A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:

A.Conflict of interest in sale

B.Unauthorized sale

C.Turnaround sale or flip

D.Written sale of unique assets

Question 60

"Anticipate possible losses and omit potential profits", this results in:

A.Playing accounting

B.Bearing accounting

C.Symmetrical accounting

D.Asymmetrical accounting

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Question 56

Question 57

Question 58

Question 59

Question 60

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