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From the list below identify the item that appears in the statement of financial position.
Suggested Answer: B
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20 comments · newest first
AN
Angelo
1 month ago
I thought about C, but it’s not a position item.
TA
Tammy
1 month ago
I feel confident about B too. It’s a key financial metric.
JO
Johana
2 months ago
B makes sense. It reflects what we owe at year end.
GE
Genevive
2 months ago
I’m torn between B and A. But A isn’t on the position.
EL
Eleonora
2 months ago
Definitely B! Loans outstanding show liabilities.
AI
Ailene
2 months ago
I think B is the right answer. It’s on the balance sheet.
ER
Ernie
2 months ago
I thought interest payments were included too, huh!
LO
Louvenia
2 months ago
Definitely B, it’s a key balance sheet item.
UL
Ulysses
3 months ago
Wait, are you sure it's not A?
DE
Deja
3 months ago
Totally agree, that's the right one!
CA
Carissa
3 months ago
B) The amount of loans outstanding at the year end.
BR
Broderick
3 months ago
I thought it could be D, but I guess not!
PA
Pauline
3 months ago
B is the right choice, no doubt!
BR
Brinda
4 months ago
Wait, are we sure it's not A?
RA
Rashad
5 months ago
Totally agree, it's definitely B!
AN
Anabel
5 months ago
B) The amount of loans outstanding at the year end.
MO
Monroe
6 months ago
I feel like I’ve seen questions where they ask about what’s on the balance sheet, and loans outstanding seems like the right choice, but I hope I’m not mixing it up!
GA
Gary
6 months ago
I’m a bit confused because I thought interest charges might be included, but now I’m leaning towards option B.
ZE
Zena
6 months ago
I remember practicing a similar question, and I think it was about what goes on the balance sheet. Loans outstanding definitely fits that.
BA
Barbra
6 months ago
I think the statement of financial position includes the amount of loans outstanding at the year end, but I'm not entirely sure.