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Eccouncil Exam 712-50 Topic 2 Question 102 Discussion

Actual exam question for Eccouncil's 712-50 exam
Question #: 102
Topic #: 2
[All 712-50 Questions]

What is the purpose of the statement of retained earnings of an organization?

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Suggested Answer: B

by Dorothy at Feb 07, 2025, 02:50 AM

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Colton
1 months ago
The statement of retained earnings is like the financial version of a security audit. It's all about keeping track of the organization's piggy bank, not its firewall.
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Tess
12 days ago
D) It has a direct correlation with the CISO's budget
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Shantell
13 days ago
C) It represents the savings generated by the proper acquisition and implementation of security controls
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Elza
19 days ago
B) It represents the percentage of earnings that could in part be used to finance future security controls
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Artie
20 days ago
A) It represents the sum of all capital expenditures
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Brynn
2 months ago
This question is a real head-scratcher. I'm just going to go with B and hope for the best. Maybe the exam writer is trying to trick us with some obscure finance trivia.
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Ling
2 months ago
Wait, the statement of retained earnings has nothing to do with security controls. It's about the organization's overall savings and reinvestment, not just IT-related expenses. I'd go with A.
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Chaya
1 months ago
Yeah, it's not directly related to security controls or IT expenses. It's about the overall capital expenditures of the organization.
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Aliza
1 months ago
I agree, the statement of retained earnings is more about the organization's financial health and reinvestment.
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Cordell
2 months ago
D seems like the obvious choice. The CISO's budget is directly related to the retained earnings, right? That's how they fund security measures.
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Bettina
1 months ago
User 2: Yes, that's correct. The statement of retained earnings helps determine how much can be allocated for security measures.
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Niesha
1 months ago
User 1: D seems like the obvious choice. The CISO's budget is directly related to the retained earnings, right?
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Augustine
2 months ago
I think the answer is C. The statement of retained earnings shows the profits that the organization has saved, which could be used to finance future security controls.
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Honey
1 months ago
No, it's more about the savings generated from profits that could potentially be used for security purposes.
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Shizue
1 months ago
So, the statement of retained earnings is not directly related to the CISO's budget then?
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Carin
1 months ago
That makes sense, it's important for organizations to have funds set aside for future security measures.
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Nida
1 months ago
I agree, the statement of retained earnings reflects the savings generated by the proper acquisition and implementation of security controls.
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Corinne
2 months ago
I believe it also shows the percentage of earnings that could be used to finance future security controls.
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Tyisha
2 months ago
I agree with Shawn. It represents the savings generated by the proper acquisition and implementation of security controls.
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Shawn
2 months ago
I think the purpose of the statement of retained earnings is to show how much money the company has saved.
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