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CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 91 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 91
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

Which of the following would meet the definition of a liability in accordance with the Conceptual Framework's definition?

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Suggested Answer: B

by Annamae at Jun 30, 2024, 02:24 PM

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Nilsa
1 months ago
The Conceptual Framework is always a tricky one, but I think D is the way to go. You can't go wrong with a good old-fashioned accounts payable liability!
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Tish
9 days ago
I think A could also be considered a liability, as it represents an amount due from a customer.
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Darrin
10 days ago
I agree, D seems like the most appropriate option here.
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Truman
13 days ago
D is definitely the best choice, it aligns with the Conceptual Framework's definition.
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Ivette
18 days ago
I think D as well, it fits the definition of a liability.
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Krystina
20 days ago
I agree, D seems like the most appropriate option here.
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Lura
1 months ago
Gotta go with D on this one. Liabilities are all about current obligations, and an amount due to a supplier for past purchases definitely fits the bill.
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Salley
23 days ago
Yeah, D makes the most sense when it comes to liabilities.
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Genevieve
28 days ago
I agree, D seems like the best option here.
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Scarlet
1 months ago
Option B is a future obligation, but option D is a current obligation that arose from a past transaction.
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Lenna
1 months ago
But what about option B? It's also an amount due to a supplier.
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Flo
1 months ago
I agree with Scarlet, because a liability is an obligation to pay in the future.
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Graham
2 months ago
Hmm, interesting question. I'd say C is the most amusing option - an amount paid in relation to a dispute? That sounds like a liability alright, just not a very fun one!
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Aja
18 days ago
D) An amount due to a supplier for goods purchased one month ago
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Tonette
20 days ago
C) An amount which was paid to a supplier in relation to a dispute
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Shayne
1 months ago
B) An amount due to a supplier for goods to be purchased in one month's time
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Kindra
1 months ago
A) An amount due from a customer for goods dispatched two weeks ago
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Val
2 months ago
I'm not too sure about this one. I think option B could also be considered a liability since it's an amount due to a supplier, even if it's for future purchases.
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Kyoko
2 months ago
Option D seems like the obvious answer here. The amount due to the supplier for goods purchased one month ago would meet the definition of a liability.
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Elenore
24 days ago
User 2: I agree, it's the amount due to the supplier for goods purchased one month ago.
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Dusti
28 days ago
User 1: I think option D is the correct answer.
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Scarlet
2 months ago
I think option D would meet the definition of a liability.
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