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: Mar 28, 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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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 2
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Which THREE of the followingwould typically indicate a finance lease?
Answer: A,C
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Which THREE of the followingwould typically indicate a finance lease?
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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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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 5
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An entity undertakes an issue of new debt which has the effect of reducing the entity's weighted average cost of capital (WACC).Which of the following would best explain why the WACC will have fallen?
Answer: A
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