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CIMAPRA19-F02-1 Exam - Topic 1 Question 35 Discussion

ST owns 75% of the equity share capital ofGH. GH owns 80% of the equity share capital of RS.The following balances relate to RS:The non controlling interest in respect of RS had a fair value of $56,000 at acquisition. There has been no impairment to goodwill since acquisition.What value should be included inST's consolidated statement of financial positionfor the non controlling interest in RS at 31 December 20X9?
A) $116,000
B) $86,000
C) $93,500
D) $146,000

CIMAPRA19-F02-1 Exam - Topic 1 Question 35 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 35
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

ST owns 75% of the equity share capital ofGH. GH owns 80% of the equity share capital of RS.

The following balances relate to RS:

The non controlling interest in respect of RS had a fair value of $56,000 at acquisition. There has been no impairment to goodwill since acquisition.

What value should be included inST's consolidated statement of financial positionfor the non controlling interest in RS at 31 December 20X9?

Show Suggested Answer Hide Answer
Suggested Answer: A

by Erick at May 04, 2022, 11:41 PM

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Dottie
10 months ago
Wait, how does the fair value change over time?
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Diane
10 months ago
Definitely not B, that’s way too low!
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Lauran
11 months ago
Not so sure about that, seems high.
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Tomas
11 months ago
I think it should be option A, $116,000.
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Kandis
11 months ago
Non-controlling interest at acquisition was $56,000.
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Annita
11 months ago
Hmm, I'm a bit confused on this one. I know the ---source attribute is used to specify the source of the text to be recognized, but I'm not sure which of these options is the correct format.
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Gerald
11 months ago
I think the key here is identifying the biggest area of potential disruption. The differences in supply chains and customer bases seem like they could be a major challenge in integrating the two companies. I'd focus on that in my answer.
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Buddy
11 months ago
Hmm, this seems like a tricky one. I'll need to think carefully about the security implications of each option.
upvoted 0 times
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Wilbert
11 months ago
Hmm, I'm not sure about this one. I'll need to think it through carefully.
upvoted 0 times
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Nelida
11 months ago
I'm not really clear on the difference between port access control and precision access control. Did anyone else find that confusing?
upvoted 0 times
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