MENU
AB commenced trading on 1 January 20XS. introducing $50,000 cash and $15,000 of assets to the business. The profit earned and retained in the business for the year ended 31 December 20X6 was $160,000. AB's closing capital at 31 December 20X5 was $190,000.
What is the value of AB's drawings for the year ending 31 December 20X5?
Suggested Answer: A
Get Premium CIMAPRA17-BA3-1 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
8 comments · newest first
LE
Lezlie
12 months ago
Totally agree, it seems off!
ME
Merissa
1 year ago
Wait, how can drawings be that high?
EM
Emily
1 year ago
Closing capital was $190,000 at year-end.
GE
Geoffrey
1 year ago
Profit for the year was $160,000.
MI
Mitsue
1 year ago
AB started with $50,000 cash and $15,000 in assets.
KE
Kenia
1 year ago
Okay, let's think this through step-by-step. We have two SQL Server instances in different Azure regions, and we need to configure an availability group with a secondary replica on DBServer2. The key things to consider are the endpoint configuration and the availability mode.
FR
France
1 year ago
Okay, I think I've got this. The key is that the model law limits the rate spread, which is the difference between the highest and lowest rates. So if the lowest rate is $40, the maximum rate can only be a certain multiple of that. I'll work through the options carefully.
OL
Olen
1 year ago
Hmm, this is a tricky one. I'll need to think carefully about which book might deal with confidentiality.