SOFE Exam AFE Topic 2 Question 85 Discussion

Actual exam question for SOFE's AFE exam

Question #: 85
Topic #: 2

[All AFE Questions]

What encompasses investment income and gains and losses, as well as custody of investment and recordkeeping?

AValuation data

BVerification note

CTransaction cycle

DInvestment evaluation

Show Suggested Answer

Suggested Answer: C

by Janey at Sep 16, 2024, 08:54 AM

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Meghan

5 months ago

Let's be real, the answer is probably just a random selection of letters. I'll go with B) Verification note, just to mix things up.

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Dominque

4 months ago

I'm going to choose C) Transaction cycle.

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Luisa

4 months ago

I'll go with B) Verification note.

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Martina

4 months ago

I'm going with D) Investment evaluation.

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Abraham

5 months ago

I think it's A) Valuation data.

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Yuki

5 months ago

Ahh, the old 'investment income and gains and losses' question. Classic! C) Transaction cycle is the way to go, guys.

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Delila

5 months ago

I'm going to have to disagree with you all. The answer is clearly A) Valuation data. It's all about the numbers, baby!

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Marti

5 months ago

I agree with you, it's definitely A) Valuation data.

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Anabel

5 months ago

I'm pretty sure it's D) Investment evaluation.

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Lea

5 months ago

I think it's C) Transaction cycle.

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Yesenia

6 months ago

D) Investment evaluation seems a bit too broad. I'm going with C) Transaction cycle.

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Kaycee

4 months ago

I'm not sure, but I'll go with B) Verification note.

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Leonora

4 months ago

I think A) Valuation data is also important for investment income.

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Lorenza

4 months ago

I agree, C) Transaction cycle seems like the best choice here.

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Matthew

6 months ago

I'm not sure, but I think it might be C) Transaction cycle because it involves the custody and recordkeeping of investments.

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Thaddeus

6 months ago

I agree with Eric, valuation data is crucial for investment income.

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Val

6 months ago

The correct answer has to be C) Transaction cycle. Sounds like a textbook definition to me.

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Noelia

6 months ago

I think the answer is C) Transaction cycle. It covers all the elements mentioned in the question.

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Emogene

5 months ago

I believe custody of investment and recordkeeping are key components, so it could be verification note.

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Jamie

5 months ago

I think it might be valuation data, as that is crucial for investment evaluation.

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Gianna

5 months ago

I agree, the transaction cycle includes all those aspects.

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Eric

6 months ago

I think it's A) Valuation data.

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