Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIMAPRA19-F01-1 Exam - Topic 2 Question 11 Discussion

Which of the following is an effect of using equity accounting to include an entity in the consolidated statement of financial position of a group?
A) A single figure is included in net assets which is the sum of the initial cost of investment in the investee entity plus the group share of all changes in net assets since acquisition.
B) 100% of each asset and liability of the investee entity is included with the investing entity's balances.
C) The group share of each asset and liability of the investee entity is included with the investing entity's balances.
D) The investment in the investee entity is included in non-current assets at cost to the investing entity.

CIMAPRA19-F01-1 Exam - Topic 2 Question 11 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 11
Topic #: 2
[All CIMAPRA19-F01-1 Questions]

Which of the following is an effect of using equity accounting to include an entity in the consolidated statement of financial position of a group?

Show Suggested Answer Hide Answer
Suggested Answer: A

by Layla at May 08, 2022, 01:29 AM

Limited Time Offer

25%

Off

Get Premium CIMAPRA19-F01-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Tenesha
9 months ago
A makes sense, it's all about the initial investment plus changes!
upvoted 0 times
...
Crista
9 months ago
Wait, is D really how it’s done? That seems off.
upvoted 0 times
...
Eladia
9 months ago
C sounds right, you only share the group's portion.
upvoted 0 times
...
Rory
9 months ago
I disagree, B is misleading. You don't include 100% of assets.
upvoted 0 times
...
Dahlia
10 months ago
A is correct, that's how equity accounting works!
upvoted 0 times
...
Delmy
10 months ago
Hmm, I'm a bit unsure about this one. I know we need to set up the default warehouse, but I'm not sure if we should use the INV_DEFAULT_WHSE_ID or INV_DEFAULT_ORG_ID profile option. I'll need to review the details carefully.
upvoted 0 times
...
Keva
10 months ago
This looks straightforward. I just need to add the T/R spacing to the low site Tx frequency to get the high site Tx frequency. I'm confident I can solve this problem.
upvoted 0 times
...

Save Cancel