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Worldatwork CECP Exam - Topic 1 Question 33 Discussion

Actual exam question for Worldatwork's CECP exam

Question #: 33
Topic #: 1

[All CECP Questions]

What information is found on the balance sheet?

AA list of what is owned, what is owed and the equity of an entity

BThe revenues and expenses incurred by an entity over a period of time

CThe change during the reporting period in cash and cash equivalents

DThe profitability of the company as of a specific date

Show Suggested Answer

Suggested Answer: A

by Viola at Dec 12, 2022, 11:07 AM

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Franklyn

10 months ago

Yup, it’s a snapshot of financial health at a specific point in time!

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Eladia

10 months ago

Wait, does it really reflect profitability? I thought that was more complex.

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Isidra

11 months ago

Actually, it’s not about revenues or expenses, that’s for the income statement.

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Sheldon

11 months ago

Totally agree, it’s all about what you own and owe!

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Michal

11 months ago

A balance sheet shows assets, liabilities, and equity.

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Junita

11 months ago

I’m confused because I thought the balance sheet also reflects equity, but I can’t recall if that’s in A or D.

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Malinda

11 months ago

I’m not entirely sure, but I feel like option B is more about the income statement, not the balance sheet.

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Alex

11 months ago

I remember practicing a question like this, and I think the balance sheet is all about assets and liabilities, which makes A sound right.

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Talia

11 months ago

I think the balance sheet shows what the company owns and owes, so I’m leaning towards option A.

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Roxane

11 months ago

This is a good test of our understanding of Java 8 streams. I think the best approach here is to use the filter() method to find any item where the count is less than 0, and then use findAny() to return that item. Option B looks like the right choice to me.

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Buck

11 months ago

I think I've got this one. The administrator is looking into disk utilization, so the next step would be to check for large files on the root (/) file system. That's option A, so I'm going with that.

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Princess

12 months ago

Okay, let's see here. I know the order of the rules matters, but I can't quite remember if it's the order they were added or some other priority system. I'll have to read the options closely.

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Novella

12 months ago

This looks like a straightforward multiple-choice question on the import template and import function. I'll need to carefully read through each option and think about what I know about these features.

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Timmy

12 months ago

Could be option B for the risk matrix, but I wouldn't be surprised if there's more to it—this feels like something we discussed multiple times in practice questions!

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