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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Zena

1 months ago

Haha, I almost went with D) since paying interest is my favorite part of taking out loans. But B) is clearly the winner here.

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Glory

5 days ago

It's important to differentiate between interest paid and loans outstanding. B) is the one that belongs in the statement of financial position.

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Buddy

14 days ago

I was also tempted by D) at first, but B) is definitely the item that appears in the statement of financial position.

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Alecia

18 days ago

I agree, B) is the correct answer. It represents the amount of loans outstanding at the year end.

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Ryann

2 months ago

B) is definitely the right choice here. The other options are more about the income and cash flow, not the actual financial position.

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Jamie

6 days ago

It's important for investors and creditors to know the financial position of a company before making decisions.

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Dell

9 days ago

Yes, that's correct. It shows how much the company owes at a specific point in time.

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Ligia

1 months ago

I agree, B) The amount of loans outstanding at the year end is a key component of the statement of financial position.

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Olive

2 months ago

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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Annalee

16 days ago

Great job! It's important to differentiate between items that belong in the statement of financial position versus the income statement or cash flow statement.

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Cordie

18 days ago

That's correct! The item that appears in the statement of financial position is the amount of loans outstanding at the year end.

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Dustin

24 days ago

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

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Dolores

2 months 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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Chau

16 days ago

So, B) is the item that appears in the statement of financial position.

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Jesusa

1 months ago

Yes, that's right. The statement of financial position shows the company's financial position at a specific point in time.

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Garry

1 months ago

I think B) is correct because it represents the amount of loans outstanding at the year end.

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Carissa

2 months 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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