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?

Arevenue, profit and expenses

Bequity, assets and liabilities

Ccash coming in and out of the business

Dprofit, loss and assets

Show Suggested Answer

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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7 days 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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8 days 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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9 days ago

I'm not sure. Can someone explain why revenue and expenses are not included in the balance sheet?

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13 days 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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15 days ago

I think the answer is B) equity, assets and liabilities.

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