CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 97 Discussion

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

Question #: 97
Topic #: 1

ABacquired 90% of the equity ofYZon31 December 20X2. On the same date YZ acquired 60% of the equity shares ofVW for $750,000. AB has no other subsidiaries.

The following information regarding YZ and VW was available:

Whatamount will AB include in its consolidated statement of financial position in respect ofnon controlling interestat 31 May 20X6?

A$816,400

B$741,400

C$840,600

D$811,000

Show Suggested Answer

Suggested Answer: D

by Felicitas at Sep 19, 2024, 01:25 AM

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Keneth

2 days ago

I'm not sure, but I think the answer might be C) $840,600. Can someone explain the rationale behind the calculation?

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Noelia

4 days ago

I agree with Lai, because non-controlling interest is calculated as 40% of the subsidiary's equity, which is $2,041,000 x 40% = $816,400.

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Lai

6 days ago

I think the answer is A) $816,400.

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