CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 72 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 72
Topic #: 1

[All CIMAPRA17-BA3-1 Questions]

Which of the following is an example of where the historic cost convention should be applied?

AA potential bad debt of 8,000.

BRaw materials purchased for $2.50 per kg now costing $2.60 per kg.

CExpenditure on research and development.

DA change to the method used to value inventory and work in progress.

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Suggested Answer: D, E

by Loreta at Jul 25, 2023, 06:05 AM

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2 days ago

I think the historic cost convention should be applied to option B.

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