Free CIMA CIMAPRA19-F02-1-ENG Exam Questions

Become CIMA Certified with updated CIMAPRA19-F02-1-ENG exam questions and correct answers

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Total 270 Questions | Updated On: Oct 30, 2024
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Question 1

RS has issued an instrument with a nominal value of $1 million, at a discount of 2.5%, and a coupon rate of 6%. The terms of the issue are that the instrument must eitherbe redeemed at par, at the option of the holder, in three years' time, or alternativelyconverted into equity shares in RS.
The characteristics of this instrument taken as a whole indicates that it would be classifed as which of the following?


Answer: A
Question 2

AB's financial information shows that thenon current assets' carrying value is greater than the tax base at the year end.
What is the journal entry to record the movement in the provision for deferred tax resulting from this difference?


Answer: C
Question 3

If you were asked to express the overall performance of an entityas a percentage of its total investment in net assets which of the following ratios would you calculate?


Answer: A
Question 4

Information from the financial statements of RST for the year ended 30 April 20X9 is as follows:


1

At 30 April 20X9 the ordinary shares are trading at $4.75.
What is the price earnings (P/E) ratio for RST at 30 April 20X9?


Answer: A
Question 5

AB owned 80% of the equity share capital of FG at 1 January 20X6. AB disposed of 10% of FG's equity share capital on 31 December 20X6 for $400,000. The non controlling interest was measured at $700,000 immediately prior to the disposal.
Which of the following represents the adjustment that AB made to non controlling interest in respect of the disposal when it prepared its consolidated financial statements at 31 December 20X6?


Answer: A
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Total 270 Questions | Updated On: Oct 30, 2024
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