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CIMA Exam CIMAPRA19-F02-1 Topic 2 Question 103 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 103
Topic #: 2
[All CIMAPRA19-F02-1 Questions]

XY purchased $100,000 of quoted 8% bonds in the current year which it intends to hold until redemption.

Which of the following identifies the correct classification and subsequent measurement basis for this financialinstrument?

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Suggested Answer: A

Contribute your Thoughts:

Britt
2 days ago
I'm not sure why anyone would even consider options A or D. Those are just blatantly wrong for this scenario.
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Lashawn
4 days ago
This is clearly a held-to-maturity financial asset that should be measured at amortized cost. Option B is the correct answer.
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Anna
4 days ago
I agree with Adelaide. Holding the bonds until redemption indicates they are held to maturity and should be measured at amortised cost.
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Adelaide
11 days ago
I think the correct classification is B) A held to maturity financial asset subsequently measured at amortised cost.
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