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CIPS Exam L4M4 Topic 2 Question 11 Discussion

Actual exam question for CIPS's L4M4 exam
Question #: 11
Topic #: 2
[All L4M4 Questions]

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

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Suggested Answer: A

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


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

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Malinda
1 months 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.
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Tasia
14 days ago
User 3: That's good to know, thanks for clarifying.
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Gary
1 months ago
User 2: Gary is right, the balance sheet shows the financial snapshot.
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Yuonne
1 months ago
User 1: B) equity, assets and liabilities
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Veronika
2 months ago
A) revenue, profit and expenses? That's an income statement, not a balance sheet. Someone needs to go back to Accounting 101.
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Marylin
22 days ago
D) profit, loss and assets
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Elly
1 months ago
B) equity, assets and liabilities? That's correct. The balance sheet shows the financial position of a company at a specific point in time.
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Herminia
1 months ago
B) equity, assets and liabilities
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Claudia
2 months ago
Cash in and out? Really, C)? A balance sheet is all about the financial position, not the cash flow. Rookie mistake!
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Cecily
A: B) equity, assets and liabilities
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Glenn
2 months 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.
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Brittni
21 days ago
Yes, that's right. The balance sheet shows the financial position of a company.
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Lindsey
21 days ago
It's always good to double-check the options before making a decision.
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Dana
22 days ago
I think B) equity, assets and liabilities is the correct answer.
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Sherell
29 days ago
I was also considering D) profit, loss and assets, but B) is more comprehensive.
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Bettina
1 months ago
Yeah, that's right. The balance sheet shows the financial position of a company.
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Nickolas
2 months ago
I think B) equity, assets and liabilities is the correct answer.
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Hyun
2 months ago
B) equity, assets and liabilities - That's the core of a balance sheet, isn't it? I'm confident in this one.
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Deonna
2 months ago
I'm not sure. Can someone explain why revenue and expenses are not included in the balance sheet?
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Gracie
2 months ago
I agree with Allene. The balance sheet shows the financial position of a company at a specific point in time.
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Allene
2 months ago
I think the answer is B) equity, assets and liabilities.
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