APICS CPIM Exam - Topic 1 Question 121 Discussion

Actual exam question for APICS's CPIM exam

Question #: 121
Topic #: 1

[All CPIM Questions]

Owner's equity is:

ADifference between revenues and expenses

DDifference between assets and liabilities

BDifference between expenses and liabilities

CDifference between assets and revenues

Show Suggested Answer

Suggested Answer: D

by Eliseo at Jan 27, 2026, 06:06 PM

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Anna

5 days ago

I remember practicing a question about the accounting equation, and I think owner's equity is part of that equation, right?

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Cristy

10 days ago

I think owner's equity represents the owner's claim on the assets after liabilities are deducted, but I'm not entirely sure about the specific components.

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Theola

15 days ago

No problem, I've got this. Owner's equity is the residual claim that the owner has on the company's assets after subtracting the liabilities. I'll show the calculation step-by-step.

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Ardella

20 days ago

Okay, let me think this through. Owner's equity has to do with the net worth of the business from the owner's perspective. I'll need to walk through the formula to answer this correctly.

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Tyra

26 days ago

Ah, owner's equity - that's one of the key components of the balance sheet, right? I'm confident I can explain how it's determined and what it represents.

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Denny

1 month ago

Hmm, owner's equity... I'm a bit unsure about the exact meaning of that term. I'll need to review my notes to make sure I understand it properly.

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Loreen

1 month ago

I think this is asking about the owner's stake in the business. I'll need to recall the definition of owner's equity and how it's calculated.

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