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CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 7 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 7
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

MS Group's total profit for period on their consolidated income statement is 31,000. This includes adjusting for their share of joint venture JV2. Calculate the share of joint venture MS Group received based on the following information.

MS operating profit 41,000

Dividend from JV2 5,000

Finance cost 3,000

Tax 11,000

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Suggested Answer: A

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