CIMA Exam CIMAPRA19-F01-1 Topic 2 Question 108 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 108
Topic #: 2

[All CIMAPRA19-F01-1 Questions]

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

AThe amount of interest charged on loans during the year.

BThe amount of loans outstanding at the year end.

CThe amount of loans repaid during the year.

DThe amount of interest actually paid during the year.

Show Suggested Answer

Suggested Answer: C

by Malissa at Mar 05, 2025, 08:04 PM

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Olive

Aha, got it! B) is the way to go. The other options are more related to the income statement or cash flow statement.

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Dolores

2 days ago

Hmm, I guess B) makes sense since the statement of financial position is a snapshot of the company's financial position at a specific point in time.

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Carissa

7 days ago

The statement of financial position lists the assets, liabilities, and equity of a company, so the correct answer is B) The amount of loans outstanding at the year end.

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Winifred

20 days ago

I agree with both of you. The amount of loans outstanding at the year end is a balance sheet item that reflects the company's liabilities.

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Fausto

24 days ago

I think it's B too, because the statement of financial position shows the financial position of a company at a specific point in time.

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Janella

25 days ago

B) The amount of loans outstanding at the year end.

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