CIMAPRA19-F02-1-ENG 시험 - CIMA실제시험문제와 답 - 248문항

Question No : 1

LM acquired 80% of the equity shares of ST when ST's retained earnings were $50 million.
The fair value of the net assets of ST included a contingent liability with a fair value of $100 million at the date of acquisition and a fair value of $40 million at 31 December 20X6.
No other fair value adjustments were required at the date of acquisition.
LM and ST had retained earnings of $200 million and $80 million respectively at 31 December 20X6.
The consolidated retained earnings of LM at 31 December 20X6 were:

A.$164 million
B.$176 million
C.$272 million
D.$284 million

정답:

Question No : 2

CORRECT TEXT
EF has redeemable 10% bonds which are currently trading at $94.00 for each $100 of nominal value.Thebondscan be redeemed at par in five years' time. The corporate income tax rate is 22%.
The present value of the cash flows associated with $100 nominal value of these bonds at a discount rate of 7% is $9.28.
Calculate the post tax cost of debt.
Give your answer as a percentage to one decimal place.
%

정답: 9.4, 9.3, 9.39, 9.40

Question No : 3

What figure will be presented in GHI's consolidated statement of changes in equity for the year ended 31 December 20X4, in respect of dividends paid to non-controlling interest?

A.$25,000
B.$125,000
C.$100,000
D.$0

정답:

Question No : 4

HJ is currently in dispute with an employee, who is claiming $400,000 in a legal case against them.
HJ's legal advisors have stated that it is probable that they will lose the case and will have to pay the amount claimed.
Also, HJ are claiming $250,000 from a supplier of defective goods and the legal advisors have stated that it is probable that HJ will be successfulin this claim.
What is the correct accounting treatment for these two items in HJ's financial statements?

A.Provide for the $400,000 potential outflow and disclose the $250,000 potential inflow.
B.Provide for the $400,000 potential outflow and recognise the $250,000 potential inflow.
C.Disclose the $400,000 potential outflow and disclose the $250,000 potential inflow.
D.Disclose the $400,000 potential outflow and recognise the $250,000 potential inflow.

정답:

Question No : 5

CORRECT TEXT
EF has redeemable 10% bonds which are currently trading at $94.00 for each $100 of nominal value. Thebondscan be redeemed at par in five years' time. The corporate income tax rate is 22%.
The present value of the cash flows associated with $100 nominal value of these bonds at a discount rate of 7% is $9.28.
Calculate the post tax cost of debt.
Give your answer as a percentage to one decimal place.
%

정답: 9.4, 9.3, 9.39, 9.40

Question No : 6

XYZ had 600,000 ordinary shares in issue on 1 July 20X4. On 1 January 20X5, the entity made a 1 for 2 bonus issue. The profit attributable to ordinary shareholders for the year ended 30 June 20X5 was $2,925,000.
What is the basic earnings per share for the year ended 30 June 20X5?

A.$3.25
B.$4.88
C.$1.63
D.$3.90

정답:

Question No : 7

JK is seeking to raise finance for a project and the directors would prefer to take out a fixed rate bank loan repayable over the next 5 years. The project will increase the profit of JK even after taking into account the additional interest costs.
Which of the following statements about the use of a bank loan in this situation is true?

A.In the long term servicing a bank loan is more expensive than servicing equity shares due to the higher risk for the lender.
B.The interest on a bank loan is deducted from profit before dividends can be declared to equity shareholders each year.
C.Because the assets of a business belong to the equity shareholders, a bank loan should NOT be secured on the assets of the business.
D.A bank loan has high issue costs compared to an issue of equity shares because it takes longer to arrange.

정답:

Question No : 8

Which of the following actions would be most likely to improve an entity's gross profit margin?

A.Negotiating with trade suppliers for a bulk purchase discount
B.Offering increased credit to customers
C.Reducing administrative expenses by 10%
D.Writing down the value of obsolete inventories

정답:

Question No : 9

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:

A.A$75,758.
B.A$66,667.
C.A$150,000.
D.A$132,000.

정답:

Question No : 10

CORRECT TEXT
The capital structure of ST issummarised in the table below:

What is the weighted average cost of capital of ST?
Give your answer as a percentage to one decimal place.
? %

정답: 12.7, 12.67, 12.6

Question No : 11

PQ and WX are similar sized entities and operate in the same industry within Country X. Both operate from a single warehouse and have similar levels of non current asset resources.
The following ratios have been calculated at 31 October 20X8:

If considered individually, which of the following would limit the usefulness of these ratios in assessing the comparative financial performances of PQ and WX?

A.Depreciation of warehouses being charged to cost of sales by PQ and distribution costs by W
B.Operating lease rentals for plant and equipment being charged to administration expenses by PQ and distribution costs by W
C.Year end review of equipment resulting in WX charging an impairment loss while PQ's equipment is not impaired.
D.Increased prices for raw materials, which was passed on to customers by both entities.

정답:

Question No : 12

Ratios calculated from the financial statements of ST Group for the years ended 31 August 20X7 and 20X6 are as follows:

Which of the following would have contributed to the movements in these ratios?

A.During 20X7 ST Group acquired an associate which made a relatively small profit for the year.
B.ST Group extended its customer base which resulted in an increase in the volume of sales during 20X7.
C.During 20X7 ST Group increased the useful life of its vehicles to five years from four and adjusted the depreciation charge accordingly.
D.The fair value of an investment acquired in 20X7 and classified as fair value through profit or loss has increased in value by the year end.

정답:

Question No : 13

AB acquired a financial investment on 1 January 20X9, incurring $5,000 related agency fees. AB initially classified the investment as held for trading, in accordance with IAS 32 Financial Instruments: Presentation.
Which of the following statements reflects the accounting treatment that AB adopted in respect of this investment when it prepared its financial statements to 31 December 20X9?

A.Agency fees were recorded as an expense and the gain/loss on the remeasurement of the investment at the year end was recorded in profit or loss for the year.
B.Agency fees were recorded as an expense and the gain/loss on the remeasurement of the investment at the year end was recorded in other comprehensive income.
C.Agency fees were added to the cost of the investment and the gain/loss on the remeasurement of the investment at the year end was recorded in profit or loss for the year.
D.Agency fees were added to the cost of the investment and the gain/loss on the remeasurement of the investment at the year end was recorded in other comprehensive income.

정답:

Question No : 14

AB sold the majority of its operating equipment to LM for cash on 30 December 20X9 and then immediately leased it back under an operating lease.
AB used the cash proceeds from the sale to reduce its long term borrowings significantly.
No early repayment charge was levied by the lender.
Which of the following statements is true in respect of AB's ratios calculated at 31 December 20X9?

A.AB's return on capital employed would be lower as a result of this sale being recorded.
B.AB's current ratio would be lower as a result of this sale being recorded.
C.AB's non-current asset turnover would be lower as a result of this sale being recorded.
D.AB's gearing ratio would be lower as a result of this sale being recorded.

정답:

Question No : 15

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 financial instrument?

A.A loans and receivables financial asset subsequently measured at fair value with gains and losses in reserves.
B.A held to maturity financial asset subsequently measured at amortised cost.
C.A loans and receivables financial asset subsequently measured at amortised cost.
D.A held to maturity financial asset subsequently measured at fair value with gains and losses in reserves.

정답:

CIMA CIMAPRA19-F02-1-ENG 시험