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Free SOFE AFE Exam Dumps
Here you can find all the free questions related with SOFE Accredited Financial Examiner (AFE) exam. You can also find on this page links to recently updated premium files with which you can practice for actual SOFE Accredited Financial Examiner Exam. These premium versions are provided as AFE exam practice tests, both as desktop software and browser based application, you can use whatever suits your style. Feel free to try the Accredited Financial Examiner Exam premium files for free, Good luck with your SOFE Accredited Financial Examiner Exam.Question No: 1
MultipleChoice
To realize the effect on the ''bottom line,'' or the net gain from operations, from various transactions, one must consider the amount of any liabilities that are released because of the transaction. Assume a death claim entry as follows:
Death proceeds-ordinary $10,000
Dividends on deposit disbursed 1,000
Cash $11,000
On first appearance, one might think that this will cause the net gain from operations to be $11,000 lower. However, if the policy has a reserve of $3,000, the effect on the net gain is only , because the reserve liability of $3,000 and the dividend liability of $1,000 will no longer be shown on the balance sheet
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