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CIMAPRA19-F02-1 Exam - Topic 1 Question 14 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 14
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

A group presents its financial statements in A$.

The goodwill of its only foreign subsidiary was measured at B$100,000 at acquisition. There have been no impairments to this goodwill.

Exchange rates (where A$/B$ is the number of B$'s to each A$) are as follows:

The value of goodwill to be included in the group's statement of financial position in respect of its foreign subsidiary for the year ended 31 December 20X4 is:

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Suggested Answer: A

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Afton
4 months ago
What if the exchange rates change next year?
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Elvera
4 months ago
Totally agree, A$75,758 makes sense!
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Lonny
4 months ago
Wait, how did they get that number? Seems off.
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Ryann
4 months ago
I think it should be A$75,758 based on the rates.
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Celestina
5 months ago
Goodwill was B$100,000 at acquisition.
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Golda
5 months ago
I think I've got a good handle on this concept from the course material. The deployment directory is where the SAS code from a deployed SAS Data Integration Studio job is stored, so I'll go with option A.
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Elenora
5 months ago
Hmm, I'm a bit unsure about the distinction between certification and accreditation. I'll need to review my notes to make sure I don't mix up the definitions.
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