CIMA Exam CIMAPRA19-F01-1 Topic 2 Question 31 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 31
Topic #: 2

Which of the following is a condition that has to be met for an entity to be exempt the requirement to prepare consolidated financial statements?

AThe parent entity's debt or equity instruments are not traded in a public market.

BThe parent entity's equity instruments are only traded in one country.

CThe parent's equity has a nominal value of less than $1 million.

DThe parent's net asset value is less than $1 million.

Show Suggested Answer

Suggested Answer: A

by Jade at May 07, 2022, 07:05 AM

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