Exam Code: CFE-Law
Exam Name: Certified Fraud Examiner
Version: V13.25
Q & A: 72 Questions and Answers
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NEW QUESTION: 1
An engineer is using the policy trace tool to troubleshoot a WSA. Which behavior is used?
A. Socks policies are evaluated by tool
B. External DLP policies are evaluated by tool
Answer: B
NEW QUESTION: 2
A contingent asset is:
A. Recognized when damages to be awarded in a copyright infringement suit are highly probable.
B. Recognized when disclosure in the notes to financial statements only could be misleading.
C. Recognized when condemnation awards are probable or can be reliably estimated.
D. Not recognized under any circumstances.
Answer: D
Explanation:
A contingent asset is a possible asset arising from past asset and the existence of which will be confirmed only by uncertain future events not wholly within the entity's control. An example is a potential recovery on a legal claim with an uncertain outcome. A contingent asset is not recognized but should be disclosed if an inflow of economic benefits is probable. Disclosures include a description of the contingent asset and an estimate of its financial effects. A contingent asset is not recognized because the income may not be realized. However, if realization is virtually certain, the asset is not contingent and may be recognized.
NEW QUESTION: 3
IBM Watson IoT supports which protocols for communication with IoT devices?
A. MQTT
B. ModBus
C. TPS
D. DNP3
Answer: A
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