CIMAPRA19-F02-1 Exam - Topic 1 Question 47 Discussion

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

Question #: 47
Topic #: 1

Ratios calculated from thefinancial statements of ST Group for the years ended 31 August 20X7 and 20X6 are as follows:

Which of the followingwould have contributed to the movements in these ratios?

ADuring 20X7 ST Group acquired an associate which made arelatively smallprofit for the year.

BST Group extended its customer base which resulted in an increase inthe volume ofsales during 20X7.

CDuring 20X7 ST Groupincreased the useful life of its vehiclesto five years from four and adjusted the depreciation charge accordingly.

DThe fair value of an investment acquired in 20X7 and classified as fair value through profit or losshas increased in value by the year end.

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Suggested Answer: C

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