CIMAPRA19-F02-1 Exam - Topic 1 Question 29 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam

Question #: 29
Topic #: 1

Following the impairment review of the investment in BC, whatwould bethe carrying value ofthis associate in KL'sconsolidated statement of financial position at 31 December 20X9?

A$1,050,000

B$1,240,000

C$1,800,000

D$1,960,000

Show Suggested Answer

Suggested Answer: A

by Xuan at May 04, 2022, 10:26 PM

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Dudley

5 months ago

$1,960,000? That's a surprise! Where's that number coming from?

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Lashon

6 months ago

I thought it was $1,050,000 at first, but now I'm not so sure.

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Ciara

6 months ago

Wait, how did we get to $1,800,000? That seems way off.

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Selene

6 months ago

Definitely going with option B too!

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Fletcher

6 months ago

I'm pretty sure the carrying value is $1,240,000.

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Layla

6 months ago

This seems straightforward, I think I can handle it. I'll just need to select each object and use the stacking options to rearrange them.

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Nelida

6 months ago

I remember practicing a question like this in the last chapter, and it was definitely about incremental budgeting.

upvoted 0 times

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Okay, this looks like a pretty straightforward capital budgeting problem. I'll need to calculate the net cash flow for the 10th year, which will involve estimating the revenue, costs, and depreciation for that year.

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CIMAPRA19-F02-1 Exam - Topic 1 Question 29 Discussion

Contribute your Thoughts:

Dudley

Lashon

Ciara

Selene

Fletcher

Layla

Nelida

Daniela