Free CIMA CIMAPRA19-F01-1 Exam Actual Questions

The questions for CIMAPRA19-F01-1 were last updated On Feb 20, 2025

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Question No. 1

From the list below identify the item that appears in the statement of financial position.

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Correct Answer: B

Question No. 2

The financial statements of JK for the year ended 31 August 20X4 were approved on 10 November 20X4.

Within these financial statements which of the following would have been treated as a non-adjusting event in accordance with IAS 10 Events After the Reporting Period?

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Correct Answer: B

Question No. 3

Company Y is using some of the money from a share issue to purchase a new office building. The company is also using some of the money to purchase inventories. Which method of financing is this?

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Correct Answer: A

Question No. 4

An entity has an inventory holding period of 52 days.

This means that the inventory:

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Correct Answer: B

Question No. 5

Which of the following is a feature of a direct tax?

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Correct Answer: A