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CIMA Exam CIMAPRA19-F01-1 Topic 5 Question 100 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 100
Topic #: 5
[All CIMAPRA19-F01-1 Questions]

Which TWO of the following statements about accounting for associates are true?

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Suggested Answer: B, D, E

Contribute your Thoughts:

Hmm, I'm a bit confused on this one. I thought we were supposed to eliminate intra-associate transactions, but I could be wrong. Anyway, I'll go with B and C just to be safe.
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Tresa
3 days ago
I'm pretty sure that intra-associate transactions are eliminated, and unrealized profits are adjusted for. So I'd go with B and C.
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Charisse
4 days ago
I agree with you, Alaine. Intra associate transactions are not eliminated.
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Alaine
6 days ago
I think statement A is true.
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