CIMA Exam CIMAPRA19-F02-1 Topic 4 Question 108 Discussion

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

Question #: 108
Topic #: 4

A group presents its financial statements in A$.

The goodwill of its only foreign subsidiary was measured at B$100,000 at acquisition. There have been no impairments to this goodwill.

Exchange rates (where A$/B$ is the number of B$'s to each A$) are as follows:

The value of goodwill to be included in the group's statement of financial position in respect of its foreign subsidiary for the year ended 31 December 20X4 is:

AA$75,758.

BA$66,667.

CA$150,000.

DA$132,000.

Show Suggested Answer

Suggested Answer: A

by Sage at Mar 07, 2025, 11:09 PM

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Kris

2 days ago

I think the correct answer is D) A$132,000 because the exchange rate has depreciated.

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Amie

9 days ago

But the exchange rate has changed, so it might not be the same as the acquisition value.

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Amie

17 days ago

I think the answer is A) A$75,758.

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Lorean

17 days ago

I disagree, I believe the answer is B) A$66,667.

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