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CIMAPRA19-F02-1 Exam
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Free CIMA CIMAPRA19-F02-1 Exam Actual Questions
The questions for CIMAPRA19-F02-1 were last updated On May. 28, 2023
When accounting for a finance lease under IAS 17 Leases, which TWO of the following are recognised in the statement of profitor loss?
AB sold the majority of its operating equipment to LM for cash on 30 December 20X9 and then immediately leased it back under an operating lease.
AB used the cash proceeds from the sale to reduce its long term borrowings significantly. No early repayment charge was levied by the lender.
Which of the following statements is truein respect of AB's ratios calculated at 31 December 20X9?
Operating segments are separately reportable where they exceed 15% of revenue / profits / assets. These must in total cover 80% of total revenue. Is this statement true or false?
AB sold the majority of its operating equipment to LM for cash on 30 December 20X9 and then immediately leased it back under an operating lease.
AB used the cash proceeds from the sale to reduce its long term borrowings significantly. No early repayment charge was levied by the lender.
Which of the following statements is truein respect of AB's ratios calculated at 31 December 20X9?
Operating segments are separately reportable where they exceed 15% of revenue / profits / assets. These must in total cover 80% of total revenue. Is this statement true or false?
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