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

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 41,000Dividend from JV2 5,000Finance cost 3,000Tax 11,000
A) 4,000
B) 9,000
C) 1,000
D) 7,000
E) 6,000
F) 5,000

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

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 7
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

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

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Suggested Answer: A

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

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Kami
10 months ago
Totally agree, 6,000 makes sense with those figures!
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Thea
10 months ago
Wait, how did they get to that number? Seems off.
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Shawnta
11 months ago
I think the share from JV2 is 6,000.
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Myong
11 months ago
The operating profit was 41,000, right?
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Ranee
11 months ago
MS's total profit is 31,000 after adjustments.
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Laine
11 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
11 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
11 months ago
Hmm, this looks like a tricky one. I'll need to carefully review the options and think through the requirements.
upvoted 0 times
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Herman
11 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.
upvoted 0 times
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