CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 97 Discussion

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

Question #: 97
Topic #: 1

ABacquired 90% of the equity ofYZon31 December 20X2. On the same date YZ acquired 60% of the equity shares ofVW for $750,000. AB has no other subsidiaries.

The following information regarding YZ and VW was available:

Whatamount will AB include in its consolidated statement of financial position in respect ofnon controlling interestat 31 May 20X6?

A$816,400

B$741,400

C$840,600

D$811,000

Show Suggested Answer

Suggested Answer: D

by Felicitas at Sep 19, 2024, 01:25 AM

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Deja

3 months ago

Looks like someone's been practicing their dad jokes. Keep the puns coming, it'll make this exam a little more bearable!

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Tanesha

2 months ago

C) $840,600

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Trinidad

2 months ago

B) $741,400

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Rueben

3 months ago

A) $816,400

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Dion

3 months ago

Alright, time to put on my accountant hat and crunch some numbers. This question is like a puzzle, and I'm the master puzzle-solver!

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Lilli

3 months ago

User1: Let's go with that then, A) $816,400.

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Ollie

3 months ago

User2: I agree, it seems like the correct amount to include in the consolidated statement.

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Wenona

3 months ago

User1: I think the answer is A) $816,400.

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Sherill

4 months ago

This is a classic case of non-controlling interest calculation. I'm pretty confident that D is the correct answer, but I'll triple-check just to be sure.

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Darci

3 months ago

I agree. Let's make sure we have the right amount for non-controlling interest in AB's consolidated statement.

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Dianne

3 months ago

Yeah, it's just a matter of applying the formula correctly. Let's double-check our calculations.

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Tyisha

3 months ago

I think D is the correct answer too. The calculation seems straightforward.

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Jacinta

4 months ago

Hmm, I'm feeling a bit unsure here. Might need to double-check my workings. Consolidation can be a real brain-teaser sometimes.

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Iluminada

4 months ago

Okay, let's see... A is too high, B is too low, C is too high again, so I'm going with D. Gotta love these tricky consolidation questions!

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Willetta

2 months ago

Great, looks like we're all on the same page with choosing D as the answer. Let's hope we got it right!

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Nathan

2 months ago

I agree, D seems to be the best option based on the information provided. Consolidation questions can be tricky, but it's all about careful analysis.

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Gayla

2 months ago

Yeah, it's important to pay attention to the details in these consolidation questions. D seems like the most reasonable choice.

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Polly

4 months ago

I think D is the correct answer too. These questions always make you double check your calculations.

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Keneth

4 months ago

I'm not sure, but I think the answer might be C) $840,600. Can someone explain the rationale behind the calculation?

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Noelia

4 months ago

I agree with Lai, because non-controlling interest is calculated as 40% of the subsidiary's equity, which is $2,041,000 x 40% = $816,400.

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Lai

4 months ago

I think the answer is A) $816,400.

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