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 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?

Show Suggested Answer Hide Answer
Suggested Answer: D

by Colette at Mar 20, 2023, 09:36 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
Alyssa
8 months ago
Not sure about that, seems like they could be tricky!
upvoted 0 times
...
Keith
9 months ago
B and C are definitely non-current assets.
upvoted 0 times
...
Lonny
9 months ago
Wait, I thought goodwill was always a non-current asset?
upvoted 0 times
...
Brittney
9 months ago
Totally agree, A is the right answer!
upvoted 0 times
...
Tonette
9 months ago
Interest on a loan isn't a non-current asset.
upvoted 0 times
...
Matilda
9 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.
upvoted 0 times
...
Lindy
9 months ago
I’m a bit confused about the assets held for sale. I thought they were non-current, but maybe they’re not?
upvoted 0 times
...
Marya
9 months ago
I remember a similar question about non-current assets, and I think goodwill is definitely classified as a non-current asset.
upvoted 0 times
...
Fredric
9 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.
upvoted 0 times
...
Benton
10 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.
upvoted 0 times
...
Elina
10 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.
upvoted 0 times
...
Slyvia
10 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.
upvoted 0 times
...
Mozell
10 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.
upvoted 0 times
...
Mozelle
10 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.
upvoted 0 times
...

Save Cancel