CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 39 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam

Question #: 39
Topic #: 1

ST has sold its main office property, which had a carrying value of $360,000,to AB, a property management entity.

The property was sold for $400,000 which isequal to itsfair value and was immediately leased back under an operating lease agreement.

Which of the following journals will record this transaction?

AOption

BOption

COption

Show Suggested Answer

Suggested Answer: A

by Delmy at May 08, 2022, 08:17 PM

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