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Worldatwork Exam CECP Topic 1 Question 52 Discussion

Actual exam question for Worldatwork's CECP exam
Question #: 52
Topic #: 1
[All CECP Questions]

Information on the annual report shows results for what time period?

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Suggested Answer: B

by Lavera at Feb 09, 2024, 05:10 PM

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Kris
3 months ago
Fiscal year, schmiscal year. I just want to know if I can write off my vacation expenses on this report. Option D it is!
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Audry
2 months ago
Smart choice! It's always good to take advantage of those write-offs.
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Gianna
2 months ago
That's great news! I'll definitely go with option D then.
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Carmelina
3 months ago
Yes, you can write off your vacation expenses on this report.
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Juan
4 months ago
Well, well, well, looks like we've got a real financial wizard here. Option D is the only one that covers all the bases. Time to show off my knowledge!
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Demetra
2 months ago
Nice job showing off your financial knowledge!
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Mollie
2 months ago
That's correct! Option D covers all possibilities.
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Annett
3 months ago
I think the answer is D) The fiscal year, which may match the calendar year or may be a different 12-month period, depending on the company.
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Meghan
4 months ago
Haha, who even uses the fiscal year anymore? I'm just going to pick option A and call it a day.
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Kristel
3 months ago
User 4: I'm going with option C, I prefer the fiscal year starting in July.
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Refugia
3 months ago
User 3: I think I'll go with option B, just to be sure.
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Zoila
3 months ago
User 2: Yeah, it's easier to understand when it matches the calendar year.
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Dewitt
3 months ago
User 1: I agree, option A seems like the safest choice.
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Armando
4 months ago
I was a bit confused between options B and D, but after reading the question carefully, D is the right choice. The fiscal year can be different from the calendar year.
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Nu
4 months ago
The annual report shows results for the fiscal year, which may vary from the calendar year. Option D seems to be the correct answer here.
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Alline
3 months ago
Yes, it can vary depending on the company's financial reporting practices.
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Nickie
3 months ago
I think the fiscal year can be different for each company.
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Micaela
4 months ago
But some companies have different fiscal years, so I think D) The fiscal year, which may match the calendar year or may be a different 12-month period, depending on the company, could also be correct.
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Eva
4 months ago
I disagree, I believe the answer is B) The fiscal year, which matches the calendar year from January 1 to December 31.
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Micaela
4 months ago
I think the answer is C) The fiscal year, which shows results from July 1 to June 30.
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