CIMA Exam CIMAPRA19-F02-1 Topic 2 Question 98 Discussion

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

Question #: 98
Topic #: 2

Which of the following principles are the basic principles followed by the consolidated income statement?

Select ALL that apply.

AInclude all of the parent's income and expenses plus all of the subsidiaries' income and expenses

BIgnore investment income from subsidiary to parent (e.g. dividend payments or loan interest)

CAfter profit for the period, show the profit split between amounts attributable to the parent's shareholders and other shareholders

DInclude all of the parent's income and expenses minus all of the subsidiaries' income and expenses

EInclude investment income from subsidiary to parent (e.g. dividend payments or loan interest)

Show Suggested Answer

Suggested Answer: A

by Larae at Sep 16, 2024, 09:14 PM

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2 days ago

I think the answer is A) Include all of the parent's income and expenses plus all of the subsidiaries' income and expenses.

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