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CIMA Exam CIMAPRA19-F01-1 Topic 2 Question 108 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 108
Topic #: 2
[All CIMAPRA19-F01-1 Questions]

The following information is extracted from OO's statement of financial position at 31 March:

Included in other payables is interest payable of $80,000 at 31 March 20X2 and $73,000 at 31 March 20X1.

The following information if included within OO's statement of profit or loss for the year ended 31 March 20X2:

Included within finance cost is $124,000 which relates to interest paid on a finance lease. 00 includes finance lease interest within financing activities on its statement of cash flows.________________

Within OO's statement of cash flow for the year ended 31 March 20X2 which figures should be included to reflect the changes in working capital within the net cash flow from operating activities?

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Suggested Answer: C

Contribute your Thoughts:

Annabelle
4 days ago
Why do you think Option A is correct?
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Jospeh
5 days ago
I'm not sure about this one, but I think Option B might be the way to go. The finance lease interest is included in the financing activities, so it shouldn't be part of the working capital changes.
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Ronald
12 days ago
I disagree, I believe the correct answer is Option A.
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Macy
12 days ago
Option A looks like the correct answer here. The interest payable is clearly shown in the other payables section, and it should be included in the changes in working capital within the net cash flow from operating activities.
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Annabelle
17 days ago
I think the answer is Option C.
upvoted 0 times
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