CIMA CIMAPRA19 F01 1
Q: 1
Which of the following would be capitalized as an intangible asset in accordance with IAS 38
Intangible Assets?
Options
Q: 2
Which of the following would NOT be a risk or impact of overtrading?
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Q: 3
Which of the following is a type of short-term finance?
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Q: 4
Which TWO of the following statements about accounting for associates are true?
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Q: 5
Entity RH has an recognised a taxable profit of $1.Smillion for 20X1'. In Entity RH's resident country.
Country M, depreciation charges and entertaining expenses are disallowed expenses. Below is some
information on Entitry RH's outgoings for the period:
Depreciation charged on PPE: $450,000
Political donations: $155,000
Staff parties: $3,200
Cost of updating assets: $10,000
Other expenses: $83,500
In Country M, there is a standard corporation tax of 12% charged on all corporation profits. What is
Entity RH's total tax liability for this period?
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Q: 6
Which THREE of the following are conditions that must be met to allow an asset to be categorised as
held for sale?
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Q: 7
The development of an international financial reporting standard generally goes through a number
of stages.
Which of the following is NOT a stage of development?
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Q: 8
It costs PWR £7.50 to produce product H, per product. Product H is typically sold for £89.99. It costs
£5.00 to package product H and £15 to deliver product H to customers.
PWR is currently selling faulty versions of product H from a defunct batch, (let's call this version
product I), for 25% of the original price.
Which of the below options represent the correct inventory price for product I?
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Q: 9
Which THREE of the following would be included in a cash budget?
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Q: 10
HOTSPOT 
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