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CIMAPRA17-BA3-1 Exam - Topic 1 Question 40 Discussion

DEF prepares its financial statements to 30 September each year On 1 March 20X5 DEF acquires an office and immediately rents it to a tenant charging $2,400 a quarter payable in advance.The tenant pays $2,400 on each of the following days 1 March 20X5, 6 June 20X5, 4 September 20X5 and 1 December 20X5.What is the liability reported in the statement of financial position relating to the rent at 30 September 20X5?
D) $5,600
A) $7,200
B) $1,600
C) $4,000

CIMAPRA17-BA3-1 Exam - Topic 1 Question 40 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 40
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

DEF prepares its financial statements to 30 September each year On 1 March 20X5 DEF acquires an office and immediately rents it to a tenant charging $2,400 a quarter payable in advance.

The tenant pays $2,400 on each of the following days 1 March 20X5, 6 June 20X5, 4 September 20X5 and 1 December 20X5.

What is the liability reported in the statement of financial position relating to the rent at 30 September 20X5?

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Suggested Answer: D

by Chanel at May 05, 2022, 12:22 AM

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Leana
10 months ago
I agree with $4,000, makes sense!
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Merilyn
10 months ago
Wait, how is it $7,200? That seems off.
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Shawna
11 months ago
Definitely $5,600, right?
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Julian
11 months ago
I think the liability should be $4,000.
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Evelynn
11 months ago
The tenant pays $2,400 every quarter.
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Katlyn
11 months ago
I think the key here is that the team wants to address the misunderstandings that occurred in the first release. Using ATDD for the user stories could help with that by providing clear, concrete examples that everyone can understand.
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Jose
11 months ago
Hmm, this seems straightforward. I think I'll go with option D and set the number of reducer tasks to 4, since there are 4 input files.
upvoted 0 times
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Marleen
11 months ago
Hmm, I'm a bit unsure about the specifics of the EnterpriseOne SSO parameter configuration. I'll need to review my notes carefully.
upvoted 0 times
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Blondell
11 months ago
Okay, I think I've got a handle on this. The key is to balance the autonomy of the subsidiaries with the need to ensure alignment with the parent company's goals. I'll be sure to consider both the financial and non-financial factors.
upvoted 0 times
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