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CIPS L4M4 Exam - Topic 2 Question 11 Discussion

Posted by Stephane on May 19, 2024 at 03:43 AM

A company's balance sheet will show you which of the following?

Suggested Answer: A

The three pillars of sustainability are profit, people and planet. This may also be referred to as social, economic and environmental.


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40 comments · newest first
BR
Brande 11 months ago
Just a fact, A and C are definitely wrong.
IS
Isabella 11 months ago
Nope, that's the cash flow statement!
LE
Lenna 12 months ago
Wait, I thought it included cash flow too?
BR
Brande 12 months ago
Totally agree, B is the right answer!
DI
Dino 1 year ago
Balance sheets show equity, assets, and liabilities.
GL
Glory 1 year ago
I feel like I’ve seen questions where they mix up cash flow with the balance sheet. I’m leaning towards B for this one.
CA
Carmen 1 year ago
I’m a bit confused because I thought the balance sheet also included some profit information, but I guess that’s more for the income statement?
FR
France 1 year ago
I remember practicing a similar question, and I think the correct answer is B. It’s all about what the company owns and owes.
JA
Janella 1 year ago
I think the balance sheet shows equity, assets, and liabilities, but I’m not completely sure if that’s all it covers.
CH
Chanel 1 year ago
Okay, I've got this. A balance sheet shows a company's assets, liabilities, and shareholders' equity. That covers the key information about the company's financial standing. I feel confident about this one.
AH
Ahmad 1 year ago
Hmm, I'm a bit unsure about this one. I know a balance sheet shows the financial position of a company, but I can't quite recall all the specific details it includes. I'll have to think this through carefully.
BE
Bette 1 year ago
This seems like a straightforward question about financial statements. I'll focus on remembering the key components of a balance sheet - assets, liabilities, and equity.
JA
Javier 1 year ago
Wait, is this asking about the balance sheet or the income statement? I'm getting a bit mixed up between the different financial statements. Let me re-read the question and think this through step-by-step.
NG
Nguyet 1 year ago
This is a tricky one, but I'll give it my best shot. I may need to do some additional research on parsing JSON data in Python, but I think I can figure it out.
MA
Marla 1 year ago
Hmm, the other options don't seem quite right. I'm leaning towards either Login Calls or Bulk API, but I'll need to double-check the details to be sure.
DA
Dana 1 year ago
Hmm, this looks like it's testing our knowledge of report templates in Firepower Management Center. I think the key here is to limit the results to a specific subnet, so I'll try to think through the options carefully.
MA
Malinda 2 years ago
Wait, is the correct answer 'all of the above'? Kidding, kidding. B) is the way to go. The balance sheet is the financial snapshot, after all.
TA
Tasia 1 year ago
↳ replying to Malinda
User 3: That's good to know, thanks for clarifying.
GA
Gary 1 year ago
↳ replying to Malinda
User 2: Gary is right, the balance sheet shows the financial snapshot.
YU
Yuonne 1 year ago
↳ replying to Malinda
User 1: B) equity, assets and liabilities
VE
Veronika 2 years ago
A) revenue, profit and expenses? That's an income statement, not a balance sheet. Someone needs to go back to Accounting 101.
MA
Marylin 1 year ago
↳ replying to Veronika
D) profit, loss and assets
EL
Elly 1 year ago
↳ replying to Veronika
B) equity, assets and liabilities? That's correct. The balance sheet shows the financial position of a company at a specific point in time.
HE
Herminia 1 year ago
↳ replying to Veronika
B) equity, assets and liabilities
CL
Claudia 2 years ago
Cash in and out? Really, C)? A balance sheet is all about the financial position, not the cash flow. Rookie mistake!
FR
Frederick 1 year ago
↳ replying to Claudia
D: No, that's more related to the income statement. The balance sheet focuses on the company's assets, liabilities, and equity.
CA
Carmela 1 year ago
↳ replying to Claudia
C: A) revenue, profit and expenses
FE
Felix 1 year ago
↳ replying to Claudia
B: Exactly, a balance sheet shows the company's financial position, including what it owns and owes.
CE
Cecily 1 year ago
↳ replying to Claudia
A: B) equity, assets and liabilities
GL
Glenn 2 years ago
Hmm, I was thinking D) profit, loss and assets. But B) does make more sense for a balance sheet. Good thing I double-checked the options.
BR
Brittni 1 year ago
↳ replying to Glenn
Yes, that's right. The balance sheet shows the financial position of a company.
LI
Lindsey 1 year ago
↳ replying to Glenn
It's always good to double-check the options before making a decision.
DA
Dana 1 year ago
↳ replying to Glenn
I think B) equity, assets and liabilities is the correct answer.
SH
Sherell 1 year ago
↳ replying to Glenn
I was also considering D) profit, loss and assets, but B) is more comprehensive.
BE
Bettina 2 years ago
↳ replying to Glenn
Yeah, that's right. The balance sheet shows the financial position of a company.
NI
Nickolas 2 years ago
↳ replying to Glenn
I think B) equity, assets and liabilities is the correct answer.
HY
Hyun 2 years ago
B) equity, assets and liabilities - That's the core of a balance sheet, isn't it? I'm confident in this one.
DE
Deonna 2 years ago
I'm not sure. Can someone explain why revenue and expenses are not included in the balance sheet?
GR
Gracie 2 years ago
I agree with Allene. The balance sheet shows the financial position of a company at a specific point in time.
AL
Allene 2 years ago
I think the answer is B) equity, assets and liabilities.
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