CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 66 Discussion

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

Question #: 66
Topic #: 1

[All CIMAPRA19-F02-1 Questions]

Which of the following statements are incorrect regarding identifiable assets? Select ALL that apply.

ADeferred tax assets and liabilities are not classed as identifiable assets

BContingent assets and liabilities are examples of exceptions to the rules governing identifiable assets

CTo be identifiable assets must be separable from the subsidiary

DAssets can also be identifiable if they arise from contractual or legal rights

ENet assets must be identifiable at acquisition

Show Suggested Answer

Suggested Answer: B

by Van at Feb 25, 2023, 09:52 AM

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Lai

9 days ago

I'm a bit confused about option E. Isn't it true that net assets, not just individual assets, must be identifiable at acquisition? This seems like a tricky question.

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Carmen

11 days ago

Options B and C seem to be the correct answers. Contingent assets and liabilities are exceptions, and assets must be separable to be considered identifiable.

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