Discuss CIMA CIMAPRA19-F01-1 Exam Topic 2 Question 67

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

AThe interest paid on a loan raised to fund the construction of a factory, where that factory is still not ready for its intended use.

BA property held as an investment which is let to tenants.

CThe goodwill arising on the acquisition of a subsidiary.

DAssets held for sale, classified in accordance with IFRS 5 Non-current Assets Held for Sales and Discontinued Operations.

Suggested Answer: D

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14 comments · newest first

Alyssa 12 months ago

Not sure about that, seems like they could be tricky!

Keith 12 months ago

B and C are definitely non-current assets.

Lonny 1 year ago

Wait, I thought goodwill was always a non-current asset?

Brittney 1 year ago

Totally agree, A is the right answer!

Tonette 1 year ago

Interest on a loan isn't a non-current asset.

Matilda 1 year ago

I believe the property held as an investment is a non-current asset, but I need to double-check my notes on that.

Lindy 1 year ago

I’m a bit confused about the assets held for sale. I thought they were non-current, but maybe they’re not?

Marya 1 year ago

I remember a similar question about non-current assets, and I think goodwill is definitely classified as a non-current asset.

Fredric 1 year 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.

Benton 1 year 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.

Elina 1 year 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.

Slyvia 1 year 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.

Mozell 1 year 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.

Mozelle 1 year 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.

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