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, 09:17 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRA19-F02-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Allene

5 days ago

Okay, I've got this. The organization would offer those credit terms when they can borrow funds at a lower rate than the annual interest cost, which is option A. That way, they can take advantage of the discount and still come out ahead financially.

upvoted 0 times

...

Dalene

10 days ago

XML sounds familiar, but I don't think it's the default for Alibaba Cloud. I'm leaning towards JSON.

upvoted 0 times

...

Xenia

11 days ago

Wait, what does NCQA even mean? I'm feeling unsure about how to approach this.

upvoted 0 times

...

Ayesha

12 days ago

Okay, let me think this through. I'm pretty sure that dedup would be the best choice here, as it can help eliminate duplicate data and speed up the search process.

upvoted 0 times

...

Felix

13 days ago

Hmm, I'm not sure. There could be some edge cases or tricky behavior with the `remove` function that I'm missing. I'll need to double-check the documentation.

upvoted 0 times

...

Layla

19 days ago

I remember something about dynamic modes, but I can't quite recall if they will automatically set it to trunk. Maybe "switchport mode dynamic desirable" could work?

upvoted 0 times

...