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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Tran

3 months ago

I'm going with D, but I have to admit, I'm a little distracted by that fancy image. It's like the exam committee is trying to hypnotize us or something. Where's the coffee?

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Olene

3 months ago

D is the way to go, no doubt about it. It's like solving a mathematical equation - you just have to follow the numbers and the logic. Easy peasy!

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Reynalda

2 months ago

Yes, D is definitely the right option. It's straightforward once you understand the process.

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Sharen

2 months ago

Agreed, D seems like the logical choice here. Let's go with that.

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Margret

3 months ago

I think D is the correct answer too. It's all about following the numbers.

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Giovanna

4 months 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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Dewitt

3 months ago

User 3: I'm going with C, just to be different.

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Cherry

3 months ago

User 2: I'm leaning towards B, but I'm not 100% sure.

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Teddy

3 months ago

User 1: I think the answer is A.

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Maile

4 months 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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Amalia

2 months ago

That makes sense. B is the correct answer.

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Daniela

3 months ago

Yes, the share capital should increase by $120,000 and the share premium should increase by $30,000.

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Denise

3 months ago

I agree, the answer is B.

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Arlette

4 months 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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