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Changed AFE Exam Questions

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Question 8

Fair quoted techniques used to measure fair value should maximize the use of observable inputs and minimize the use of unobservable inputs.

Options:

A.

True

B.

False

Question 9

Which of the following id NOT the kind of Insurance?

Options:

A.

Business policies

B.

fire and alliance lines

C.

inland marine

D.

professional liability

Question 10

Permanent stockholders’ equity represents an outside claim (from the permanent stockholders’ perspective) on the net assets of a subsidiary.

Options:

A.

True

B.

False

Question 11

Direct serving loans method requires a system of good internal control and requires that the functions be split between the Accounting Department and the Investment Department. In such a case the Accounting Department is responsible for all of the following EXCEPT:

Options:

A.

Supplying the Investment Department with correct data and reports that summarize all loan transactions

B.

Alerting the Investment Department promptly whenever an exception to the normal processing routine occurs

C.

The design, maintenance, and accuracy of accounting records, for periodic management and exception reports, and for statutory statement preparation

D.

Its records may or may not provide the needed data to support this reporting function

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Changed AFE Exam Questions, Pearson AFE New Attempt, SOFE AFE Designation AFE New Questions, AFE Designation AFE Passing Score, SOFE AFE Actual Questions, AFE SOFE Exam Lab Questions, SOFE AFE Questions Answers, Online AFE Questions Video, Free AFE SOFE Updates,
Exam Code: AFE
Exam Name: Accredited Financial Examiner
Last Update: Apr 29, 2024
Questions: 286
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