Free CIMA CIMAPRO19-F02-1-ENG Exam Questions
Absolute Free CIMAPRO19-F02-1-ENG Exam Practice for Comprehensive Preparation
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CIMA CIMAPRO19-F02-1-ENG Exam Questions
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Provided By: CIMA
- Exam: F2 Advanced Financial Reporting
- Certification: CIMA Professional Qualification
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Total Questions: 270
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Updated On: Feb 17, 2025
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Rated: 4.9 |
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Online Users: 540
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Question 1
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How would KL account for itsinvestment in MNin its consolidated financial statements for the year to 31 December 20X9?
Answer: A
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How would KL account for itsinvestment in MNin its consolidated financial statements for the year to 31 December 20X9?
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Question 2
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Entity A entered into a 3 year operating lease on 1 April 20X3. The rentals are 5,000 a year payable in advance with an additional payment of $1,800 payable on 1 April 20X3The rental expense to be included in the statement of profit or loss for the year ended 31 December 20X3 will be:
Answer: A
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Question 3
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ST acquired 75% of the 2 million $1 equity shares of CD on 1 January 20X3, when the retained earnings of CD were S3,550,000. CD has no other reserves.ST paid $5,600,000 for the shares in CD and the non controlling interest was measured at its fair value of S1,400,000 at acquisition.At 1 January 20X3, the fair value of CD's net assets were equal to their carrying amount, with the exception of a building. This building had a fair value of $1,000,000 in excess of its carrying amount and a remaining useful life of 25 years on 1 January 20X3.At 31 December 20X5, the retained earnings of ST and CD were $8,500,000 and $5,250,000 respectively.What is thefigure fornon-controlling interestto be shown in the consolidated statement of financial position of STas at 31 December 20X5?
Answer: A
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Question 4
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Whatis meant by the term 'a placing of ordinary shares'?
Answer: A
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Whatis meant by the term 'a placing of ordinary shares'?
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Question 5
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ST has sold its main office property, which had a carrying value of $360,000,to AB, a property management entity.The property was sold for $400,000 which isequal to itsfair value and was immediately leased back under an operating lease agreement.Which of the following journals will record this transaction?
Answer: A
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