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CIMAPRA19-F02-1 Exam - Topic 1 Question 41 Discussion

XY owned 80% of the equity share capital of AB at 1 January 20X5. XY disposed of 20% of AB's equity share capital on 31 December 20X5 for $200,000. The non controlling interest was measured at $140,000 immediately prior to the disposal.What was the amount of the credit to retained earnings that XY will process in respect of this disposal when it prepares its consolidated financial statements at 31 December 20X5?
A) $60,000
B) $140,000
C) $200,000
D) $80,000

CIMAPRA19-F02-1 Exam - Topic 1 Question 41 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 41
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

XY owned 80% of the equity share capital of AB at 1 January 20X5. XY disposed of 20% of AB's equity share capital on 31 December 20X5 for $200,000. The non controlling interest was measured at $140,000 immediately prior to the disposal.

What was the amount of the credit to retained earnings that XY will process in respect of this disposal when it prepares its consolidated financial statements at 31 December 20X5?

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Suggested Answer: A

by Pamella at May 06, 2022, 03:01 AM

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Lashawn
9 months ago
I agree, $60,000 makes sense based on the figures!
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Delmy
9 months ago
Definitely $80,000, right?
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Abel
9 months ago
Wait, how does that add up? Seems off to me.
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Weldon
9 months ago
I think the credit to retained earnings is $60,000.
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Carylon
9 months ago
The non-controlling interest was $140,000 before the sale.
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Mabelle
10 months ago
Okay, let me think this through step-by-step. The key is understanding how the BGP updates are propagated between the different network elements.
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Micaela
10 months ago
This question seems straightforward, I think I can handle it.
upvoted 0 times
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Cecily
10 months ago
This looks straightforward. I think the "Get New Users from Office 365" option is the way to go since we need to add users to Business Central for the first time.
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Cristy
10 months ago
Hmm, I'm a bit unsure about this one. There are a few options that seem reasonable, but I'm not sure which one is the absolute first step. I'll have to think this through carefully.
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Maile
10 months ago
I've got a strategy in mind. I'll start by identifying the decision points in the BPMN model, then systematically go through the test cases to see which ones cover those decisions.
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Kristine
10 months ago
Ah, this is a good one. I remember learning that the Ethereum node API is based on the JSON-RPC standard, so you can use any language that supports that protocol. I'll make sure to select the right answer.
upvoted 0 times
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