CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. CIMA
  5. F2

Free F2 Exam Braindumps (page: 18)

Page 17 of 68
PDF with 268 Questions

ST has sold its main office property, which had a carrying value of $360,000, to AB, a property management entity.
The property was sold for $400,000 which is equal to its fair value and was immediately leased back under an operating lease agreement.
Which of the following journals will record this transaction?

  1. Option A
  2. Option B
  3. Option C
  4. Option D

Answer(s): A



On 1 January 20X4 EF grants each of its 125 employees 500 share options on the condition that they remain in employment for 3 years. During the year to 31 December 20X4 10 employees left and It is expected that a further 25 will leave before the end of the vesting period. The fair value of each share option is $30 on 1 January 20X4 and $45 on 31 December 20X4.
What is the journal entry in respect of these share options in EF's financial statements for the year ended 31 December 20X4?

  1. Option A
  2. Option B
  3. Option C
  4. Option D

Answer(s): A



When accounting for a finance lease under IAS 17 Leases, which TWO of the following are recognised in the statement of profit or loss?

  1. Finance cost element of the lease payments
  2. Depreciation of the leased asset
  3. Lease payments paid
  4. Lease payments payable
  5. Capital repayment element of the lease payments

Answer(s): A,B



Which TWO of the following are true in relation to IAS21 The Effects of Changes in Foreign Exchange Rates when consolidating an overseas subsidiary?

  1. A current period exchange gain or loss is shown within the consolidated statement of comprehensive income within other comprehensive income.
  2. Goodwill is re-translated at the end of each reporting period and reflected at the period end exchange rate in the consolidated statement of financial position.
  3. Assets and liabilities of the subsidiary are translated at each reporting date using the average exchange rate for the period.
  4. Goodwill is reflected in the consolidated statement of financial position translated at the exchange rate on the date of acquisition.
  5. The statement of profit or loss of the subsidiary is translated for the reporting period using the closing exchange rate.

Answer(s): A,B






Post your Comments and Discuss CIMA F2 exam with other Community members:

F2 Discussions & Posts