clapgeek logo
Financial Reporting
Last Update Apr 25, 2024
Total Questions : 248
Why Choose ClapGeek
Customers Passed
CIMA F1
Average Score In Real
Exam At Testing Centre
Questions came word by
word from this dump
Try a free demo of our CIMA F1 PDF and practice exam software before the purchase to get a closer look at practice questions and answers.
We provide up to 3 months of free after-purchase updates so that you get CIMA F1 practice questions of today and not yesterday.
We have a long list of satisfied customers from multiple countries. Our CIMA F1 practice questions will certainly assist you to get passing marks on the first attempt.
ClapGeek offers CIMA F1 PDF questions, web-based and desktop practice tests that are consistently updated.
ClapGeek has a support team to answer your queries 24/7. Contact us if you face login issues, payment and download issues. We will entertain you as soon as possible.
Thousands of customers passed the CIMA Designing CIMA Azure Infrastructure Solutions exam by using our product. We ensure that upon using our exam products, you are satisfied.
Statements of financial position for YZ, BC and DE at 31 March 20X2 include the following balances:
YZ purchased 90% of BC's equity shares for $508,000 on 1 January 20X2. On 1 January 20X2 BC's retained earnings were $183,000. YZ uses the proportion of net assets method to value non-controlling interest at acquisition.
YZ purchased 30% of DE's equity shares on 1 April 20X1 for $112,000. DE's retained earnings at 1 April 20X1 were $88,000.
On 1 February 20X2 YZ sold goods to BC for $28,000 at a mark up of 25% on cost. All the goods were still in BC's inventory at 31 March 20X2.
Calculate the value of inventory that will be included in YZ's consolidated statement of financial position at 31 March 20X2.
Give your answer to the nearest whole $.
Select THREE actions that should be taken by a business offering credit to its customers to ensure that amounts owing are collected as quickly as possible.
The following information is extracted from the statement of financial position for ZZ at 31 March 20X3:
Included within cost of sales in the statement of profit or loss for the year ended 31 March 20X3 is $20 million relating to the loss on the sale of plant and equipment which had cost $100 million in June 20X1.
Depreciation is charged on all plant and equipment at 25% on a straight line basis with a full year's depreciation charged in the year of acquisition and none in the year of sale.
The revaluation reserve relates to the revaluation of ZZ's property.
The total depreciation charge for property, plant and equipment in ZZ's statement of profit of loss for the year ended 31 March 20X3 is $80 million.
The corporate income tax expense in ZZ's statement of profit or loss for year ended 31 March 20X3 is $28 million.
ZZ is preparing its statement of cash flows for the year ended 31 March 20X3.
What figure should be included for corporate income tax paid in order to arrive at the net cash flow from operating activities?
Give your answer to the nearest $ million.
TESTED 26 Apr 2024
