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Free CECP Exam Braindumps (page: 12)

Page 11 of 26
PDF with 100 Questions

What information is found on the balance sheet?

  1. A list of what is owned, what is owed and the equity of an entity
  2. The revenues and expenses incurred by an entity over a period of time
  3. The change during the reporting period in cash and cash equivalents
  4. The profitability of the company as of a specific date

Answer(s): A



Which financial statement or combination of statements provide(s) the most comprehensive view of the company's financial situation?

  1. The balance sheet
  2. The income statement
  3. The cash flow statement and the income statement
  4. The cash flow statement, along with the balance sheet and income statement

Answer(s): D



What do profits, equity and debt all have in common?

  1. They are all reported on the balance sheet.
  2. They are all sources of capital.
  3. They all incur the same costs to the business.
  4. Nothing. Each of these is a different financial metric.

Answer(s): B



What is the top line or starting point of an organization's income?

  1. Gross profit
  2. Revenue
  3. Net income
  4. Operating profit

Answer(s): B






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