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CIMA Exam CIMAPRA19-F01-1 Topic 5 Question 100 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 100
Topic #: 5
[All CIMAPRA19-F01-1 Questions]

Which TWO of the following statements about accounting for associates are true?

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Suggested Answer: B, D, E

Contribute your Thoughts:

Daniel
1 months ago
Well, this is a tricky one. I'm going to go with B and C, but I'm not entirely confident. Accounting can be a real headache sometimes!
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Dahlia
2 days ago
Got it, thanks for the clarification. Accounting sure does require attention to detail.
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Alecia
16 days ago
Yes, it can be tricky. But remember, intra associate transactions are actually eliminated, so C is correct.
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Dorothy
26 days ago
I think you're on the right track with B and C. Accounting for associates can definitely be confusing.
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Kip
2 months ago
Haha, this question is a classic trick question! I bet the correct answers are B and C, since accountants just love to complicate things.
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Yuki
18 days ago
Yeah, accountants always find a way to make things tricky.
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Gary
19 days ago
I think you're right, B and C seem like the correct answers.
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Laurel
2 months ago
I believe statement C is also true. Intra associate transactions are eliminated to avoid double counting.
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Jin
2 months ago
Hmm, I'm a bit confused on this one. I thought we were supposed to eliminate intra-associate transactions, but I could be wrong. Anyway, I'll go with B and C just to be safe.
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Tresa
2 months ago
I'm pretty sure that intra-associate transactions are eliminated, and unrealized profits are adjusted for. So I'd go with B and C.
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Torie
3 days ago
Agreed, B and C are the correct answers.
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Sabra
27 days ago
So the correct statements would be B and C.
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Antonio
29 days ago
Yes, that's correct. And unrealized profits are also adjusted for.
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Howard
1 months ago
I think you're right, intra-associate transactions are eliminated.
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Charisse
2 months ago
I agree with you, Alaine. Intra associate transactions are not eliminated.
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Alaine
2 months ago
I think statement A is true.
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