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CIMAPRA19-F01-1 Exam - Topic 2 Question 67 Discussion

Which of the following would NOT be classified as part of non-current assets in a statement of financial position?
D) Assets held for sale, classified in accordance with IFRS 5 Non-current Assets Held for Sales and Discontinued Operations.
A) The interest paid on a loan raised to fund the construction of a factory, where that factory is still not ready for its intended use.
B) A property held as an investment which is let to tenants.
C) The goodwill arising on the acquisition of a subsidiary.

CIMAPRA19-F01-1 Exam - Topic 2 Question 67 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 67
Topic #: 2
[All CIMAPRA19-F01-1 Questions]

Which of the following would NOT be classified as part of non-current assets in a statement of financial position?

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Suggested Answer: D

by Colette at Mar 20, 2023, 09:36 AM

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Alyssa
10 months ago
Not sure about that, seems like they could be tricky!
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Keith
10 months ago
B and C are definitely non-current assets.
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Lonny
10 months ago
Wait, I thought goodwill was always a non-current asset?
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Brittney
11 months ago
Totally agree, A is the right answer!
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Tonette
11 months ago
Interest on a loan isn't a non-current asset.
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Matilda
11 months ago
I believe the property held as an investment is a non-current asset, but I need to double-check my notes on that.
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Lindy
11 months ago
I’m a bit confused about the assets held for sale. I thought they were non-current, but maybe they’re not?
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Marya
11 months ago
I remember a similar question about non-current assets, and I think goodwill is definitely classified as a non-current asset.
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Fredric
11 months ago
I think the interest paid on a loan for the factory might not be a non-current asset, but I'm not entirely sure.
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Benton
11 months ago
Okay, let's see here. I'm pretty confident about option A, but the others have me a bit confused. I'll need to double-check my notes on route policy before selecting the final answer.
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Elina
11 months ago
Hmm, I'm a bit confused by this one. I'm not sure if I fully understand the implications of the business process changes and how that would impact the existing solution. I'd need to do some more research to figure out the best approach.
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Slyvia
11 months ago
I'm a little confused on this one. I know the WSA has different policy types, but I'm not sure which one would apply here. I'll have to review my notes on Cisco WSA policies to figure this out.
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Mozell
11 months ago
I'm a bit unsure about this one. I'll need to review the guidelines for grounding IF cables to make sure I get the right answer.
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Mozelle
11 months ago
This is a good question to test our knowledge of disaster preparedness. I'm confident I can narrow it down to the right answer by considering which document would be most critical in an emergency situation.
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