CIMAPRA19-F02-1 Exam - Topic 1 Question 7 Discussion

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

Question #: 7
Topic #: 1

MS Group's total profit for period on their consolidated income statement is 31,000. This includes adjusting for their share of joint venture JV2. Calculate the share of joint venture MS Group received based on the following information.

MS operating profit 41,000

Dividend from JV2 5,000

Finance cost 3,000

Tax 11,000

A4,000

B9,000

C1,000

D7,000

E6,000

F5,000

Show Suggested Answer

Suggested Answer: A

by Alpha at May 07, 2022, 02:18 PM

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Kami

4 months ago

Totally agree, 6,000 makes sense with those figures!

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Thea

4 months ago

Wait, how did they get to that number? Seems off.

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Shawnta

4 months ago

I think the share from JV2 is 6,000.

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Myong

4 months ago

The operating profit was 41,000, right?

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Ranee

5 months ago

MS's total profit is 31,000 after adjustments.

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Laine

5 months ago

Power BI is the answer. I remember learning about that in one of my database management classes. It's Microsoft's premier analytics platform.

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Kasandra

5 months ago

Indirect taxes are those that are not directly paid by the individual, right? I'm leaning towards D. Sales tax, but I want to double-check my understanding.

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Hana

5 months ago

Hmm, this looks like a tricky one. I'll need to carefully review the options and think through the requirements.

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Herman

5 months ago

No problem, this is straightforward. I just need to calculate the expected contribution under the new pricing and compare it to the current contribution. The probability of exceeding the current contribution should be pretty simple to determine from there.

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