Question

A client provides a current balance sheet to the financial planner during the initial data-gathering phase of the financial planning process. This financial statement will enable the financial planner to gain an understanding of all of the following except which of the following?A. Diversification of the client's assetsB. Amount of the client's net cash flowC. Client's liquidity positionD. Client's use of debt

Answer 1

Answer:

C. Client's liquidity position

Explanation:

According to my research on the financial planning process, I can say that based on the information provided within the question it does not provide the client's liquidity position. This refers to the assets that the client has and is able to exchange for cash if needed. Since the balance sheet only provides cash inflow and debts but not assets, then it does not provide this either.

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