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: Nov 19, 2024
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Question 1

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 2

When accounting for a finance lease under IAS 17 Leases, which TWO of the following are recognised in the statement of profitor loss?


Answer: A,B
Question 3

GG's gearing is currently 50% compared to the industry average of 40% (both measured as debt/equity). GG's debt is all in the form of a single bank loan that is repayable in five years' time. The directors of GG are seeking to raise finance for a new project and they are considering an additional bank loan from the same bank.
Which of the following would prevent the bank from lending the finance for the project in the form of a new bank loan?


Answer: B
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

On 1 January 20X7 GH purchased plant and equipment at a cost of $400,000. The temporary differences in respect of this plant and equipment at 31 December 20X7 and 20X8 have been calculated as follows:
Assume that there are no other temporary differences in the periods and that the corporate income tax rate is 25%. GH is expected to have significant taxable profits in the future.
Which of the following is the correct impact in GH's statement of financial position at 31 December 20X8 in respect of deferred tax?


Answer: A
Page:    1 / 54      
Total 270 Questions | Updated On: Nov 19, 2024
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