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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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

18 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

26 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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Felix

3 days ago

B: Exactly, a balance sheet shows the company's financial position, including what it owns and owes.

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Cecily

4 days ago

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

25 days ago

Yes, that's right. The balance sheet shows the financial position of a company.

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Lindsey

25 days ago

It's always good to double-check the options before making a decision.

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Dana

26 days ago

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

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Sherell

1 months ago

I was also considering D) profit, loss and assets, but B) is more comprehensive.

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Bettina

2 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

3 months ago

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

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