CIMAPRA19-F02-1 Exam - Topic 1 Question 50 Discussion

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

Question #: 50
Topic #: 1

[All CIMAPRA19-F02-1 Questions]

XY puchased 2% of the equity shares of FG on 1 October 20X3.

XY paid $25,000 for the shares as well as a transaction cost of 2.5% of the purchase price.

The shares are being held for short term trading and XY intend to sell them in December 20X3.

At the year end of 31 October 20X3, the shares in FG could be sold for $28,000.

What is the journal entry to record the subsequent measurement for this investment at 31 October 20X3?

ADebit investment in equity shares $3,000 and credit profit or loss $3,000.

BDebit investment in equity shares $3,000 and credit other reserves $3,000.

CDebit investment in equity shares $2,375 and credit profit or loss $2,375.

DDebit investment in equity shares $2,375 and credit other reserves $2,375.

Show Suggested Answer

Suggested Answer: A

by Helaine at May 03, 2022, 09:00 AM

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25%

5 months ago

XY paid $25,000 plus 2.5% transaction cost.

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This is a tricky one. I know Cloud Pak for Watson AlOps is an IBM product, but I'm not too familiar with its specific features. I'll have to eliminate the options that don't seem to fit and then make an educated guess on the remaining ones.

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Brandee

5 months ago

Ah, I know this one! The schedule network diagram is the right answer. It's the only format that shows both the project logic and the critical path activities.

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Honey

5 months ago

I'm a little confused by the wording of the question. Is it asking about the definition of the transformation process itself, or the end state that the transformation is trying to achieve? I'll need to re-read the options more closely to figure this out.

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Clemencia

5 months ago

Okay, let me break this down. The question is asking about the minimum role required to view confidential data, so I'll need to consider the access levels of each role.

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Jeffrey

5 months ago

This is a tricky one. I'm not entirely sure, but I'm leaning towards option A since it mentions a functional consequence, which seems relevant to a functional relationship.

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CIMAPRA19-F02-1 Exam - Topic 1 Question 50 Discussion

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