CIMA Exam CIMAPRA17-BA3-1 Topic 3 Question 106 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 106
Topic #: 3

[All CIMAPRA17-BA3-1 Questions]

Refer to the exhibit.

A company has the following equity balances at the beginning of the year:

During the year the company issued 100,000 new shares at $1.20 each

What are the equity balances after this issue?

Show Suggested Answer

Suggested Answer: A, C, F

by Alethea at Jan 26, 2025, 10:55 PM

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Giovanna

10 hours ago

Hmm, this is a tricky one. I'm going to go with C just to keep the exam committee on their toes. Who knows, maybe they'll give me partial credit for thinking outside the box!

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Maile

6 days ago

I think the answer is B. The share capital should increase by $120,000 (100,000 shares x $1.20) and the share premium should increase by $30,000 (100,000 shares x $0.30).

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Arlette

13 days ago

The correct answer is D. The company issued 100,000 new shares at $1.20 each, so the share capital and share premium accounts should increase accordingly.

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