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CIMAPRA19-F02-1 Exam - Topic 1 Question 2 Discussion

EFGispreparingitsfinancial statements to 31 March 20X8. During the year ended 31 March 20X7, EFG purchased a piece of land for $1 millionwhich isused as the staff car park. EFG hasa policy of revaluing land, in accordance withInternationalAccountingStandards, and at 31 March 20X8, accounted for a substantial increase inits value.Revenue and operating profit has remained constantover the 2 years.When comparing EFG's financial statements for the year ended 31 March 20X7with those of20X8, which THREE of the following would be expected?
B) Increase in other comprehensive income. and D) Decrease in return on capital employed. and F) Decrease in net asset turnover.
A) Increase in profit before tax.
C) Increase in return on capital employed.
E) Increase in net asset turnover.

CIMAPRA19-F02-1 Exam - Topic 1 Question 2 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 2
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

EFGispreparingitsfinancial statements to 31 March 20X8. During the year ended 31 March 20X7, EFG purchased a piece of land for $1 millionwhich isused as the staff car park. EFG hasa policy of revaluing land, in accordance withInternationalAccountingStandards, and at 31 March 20X8, accounted for a substantial increase inits value.

Revenue and operating profit has remained constantover the 2 years.

When comparing EFG's financial statements for the year ended 31 March 20X7with those of20X8, which THREE of the following would be expected?

Show Suggested Answer Hide Answer
Suggested Answer: B, D, F

by Raul at May 03, 2022, 11:15 AM

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Bethanie
8 months ago
Not sure about net asset turnover changing, seems tricky.
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Bettina
8 months ago
Agree, return on capital employed should go up.
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Stephanie
8 months ago
Surprised they revalued the land so much!
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Naomi
8 months ago
I think profit before tax will stay the same, right?
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Cristen
9 months ago
Definitely an increase in other comprehensive income!
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Romana
9 months ago
This looks like a tricky regex question. I'll need to carefully read through the options and think about how each one would transform the input stream.
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Leota
9 months ago
Hmm, I'm a bit unsure about this one. The requirements mention querying logs using Kusto, which makes me think an Azure Event Hub might be a good option. But then again, the 2-year retention requirement and the need to minimize admin effort could point more towards a Log Analytics workspace. I'll have to think this through carefully.
upvoted 0 times
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