100% Free CIMA CIMAPRA19-F02-1-ENG Practice Test Questions and Answers 2026

Which of the following best describes the goal of WACC as a measure?

Ratios have been produced below for EF for the year to 31 March:Which TWO of the following could explain themovement in both gearing and ROCE?

LM acquired an asset under a 5-year non-cancellable operating lease agreement on 1 January 20X8. Under the terms of the agreement, LM paid nothing for the first year and then made fourpayments of $50,000 in each subsequent year. LM adopted the provisions of IAS 17 Leases when accounting for this agreement.Which of the following is correct in respect of this operating lease in LM's financial statements for the year to 31December 20X8?

J's current share price is $1.80,with a dividend of $0.20 a share just about to be paid.Dividends have increased at an average annualgrowth rate of 4.5% and this is expected to continue into the future.What is JJ'scost of equity?

On 1 January 20X7 GH purchased plant and equipment at a cost of $400,000. The temporary differences in respect of this plant and equipment at 31 December 20X7 and 20X8 have been calculated as follows:Assume that there are no other temporary differences in the periods and that the corporate income tax rate is 25%. GH is expected to have significant taxable profits in the future.Which of the following is the correct impact in GH's statement of financial position at 31 December 20X8 in respect of deferred tax?