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CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 88 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 88
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

On 30 November 20X9 OPQ acquires a financial asset that is classified as Available for Sale.

Which of the following describes the value of the financial asset on the date ofacquisition?

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Suggested Answer: B

by Florinda at May 20, 2024, 01:41 AM

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Lavonda
9 months ago
Haha, the exam committee is clearly trying to 'segment' the candidates with this question. I see what they did there.
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Rutha
9 months ago
Exactly, the total of these separately reportable segments must cover 80% of total revenue. So, I would go with A) True.
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Kanisha
9 months ago
I think it's true because each segment must be separately reportable if it exceeds 15% of revenue / profits / assets.
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Kate
9 months ago
B) False
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Lizette
9 months ago
A) True
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Fatima
10 months ago
Wait, is this the question about segmentation or the one about impairment testing? I'm so confused!
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Doretha
9 months ago
B) False
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Mammie
9 months ago
I think it's true because operating segments need to be separately reportable if they exceed 15% of revenue / profits / assets.
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Huey
9 months ago
A) True
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Dominque
10 months ago
This is a classic trick question. I bet the answer is False, just to catch us out.
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Chandra
9 months ago
B) False
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Zena
9 months ago
I think it's False too. Let's go with that.
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Talia
10 months ago
B) False
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Tamala
10 months ago
A) True
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Noel
10 months ago
Hmm, I think it's true, but wait - did they say 'or' instead of 'and'? I'm not sure now.
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Aleta
10 months ago
False, I'm pretty sure it's 10% of revenue/profits/assets, not 15%. This exam is tricky!
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Stephaine
9 months ago
B) False
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Troy
9 months ago
Actually, it's 10% not 15%.
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Bernardine
9 months ago
A) True
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Edwin
9 months ago
B) False
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Marvel
9 months ago
B) False
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Jutta
9 months ago
A) True
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Andree
9 months ago
A) True
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Olene
10 months ago
True, that's the standard for reportable segments as per the accounting standards. Easy question!
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Vernell
10 months ago
True, it is indeed the standard for reportable segments.
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Vernell
10 months ago
A) True
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