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CIMA Exam CIMAPRA19-F01-1 Topic 4 Question 79 Discussion

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

Question #: 79
Topic #: 4

[All CIMAPRA19-F01-1 Questions]

WX is considering an investment in ST.

At 31 December 20X2 ST had the following balances in its statement of financial position:

Which of the following would cause ST to become an associate investment of WX?

AWX purchases 15,000 of ST's $1 equity shares and 20,000 of ST's $1 preference shares.

BWX purchases 25,000 of ST's $1 equity shares.

CWX purchases 75,000 of ST's $1 equity shares.

DWX purchases 50,000 of ST's $1 preference shares.

Show Suggested Answer

Suggested Answer: C

by Lindsey at Dec 25, 2023, 09:51 PM

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Karl

11 days ago

But A includes both equity and preference shares, which would make ST an associate investment of WX.

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Josephine

12 days ago

I disagree, I believe the answer is B.

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Karl

16 days ago

I think the answer is A.

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Josephine

18 days ago

But A includes both equity and preference shares, which would make ST an associate investment of WX.

upvoted 0 times

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Reena

20 days ago

I disagree, I believe the answer is C.

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Josephine

22 days ago

I think the answer is A.

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