×

Special Offer! Limited-Time Offer! Get 25% Off on All Certification Exams – Prepare & Pass with Confidence! Use Code:  DC25OFF  

Email Us [email protected]
LOG IN SIGN UP 0

Free CIMA CIMAPRO19-F02-1-ENG Exam Questions

Try our Free Demo Practice Tests for Comprehensive CIMAPRO19-F02-1-ENG Exam Preparation

  • CIMA CIMAPRO19-F02-1-ENG Exam Questions
  • Provided By: CIMA
  • Exam: F2 Advanced Financial Reporting
  • Certification: CIMA Professional Qualification
  • Total Questions: 270
  • Updated On: Apr 10, 2025
  • Rated: 4.9 |
  • Online Users: 540
Page No. 1 of 54
   
Add To Cart
  • Question 1
    • ST acquired 75% of the 2 million $1 equity shares of CD on 1 January 20X3, when the retained earnings of CD were S3,550,000. CD has no other reserves.
      ST paid $5,600,000 for the shares in CD and the non controlling interest was measured at its fair value of S1,400,000 at acquisition.
      At 1 January 20X3, the fair value of CD's net assets were equal to their carrying amount, with the exception of a building. This building had a fair value of $1,000,000 in excess of its carrying amount and a remaining useful life of 25 years on 1 January 20X3.
      At 31 December 20X5, the retained earnings of ST and CD were $8,500,000 and $5,250,000 respectively.
      What is thefigure fornon-controlling interestto be shown in the consolidated statement of financial position of STas at 31 December 20X5?

      Answer: A
  • Question 2
    • Which THREE of the followingwould typically indicate a finance lease?

      Answer: A,C
  • Question 3
    • ST has sold its main office property, which had a carrying value of $360,000,to AB, a property management entity.
      The property was sold for $400,000 which isequal to itsfair value and was immediately leased back under an operating lease agreement.
      Which of the following journals will record this transaction?



      Answer: A
  • Question 4
    • 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

      Answer: A
  • Question 5
    • Which of the following are limitations of financial statement figures for ratio analysis? Select the ALL that apply.

      Answer: A,B,C,D
PAGE: 1 - 54
   
Add To Cart

© Copyrights Dumpscity 2025. All Rights Reserved

We use cookies to ensure your best experience. So we hope you are happy to receive all cookies on the Dumpscity.