100% Free CIMA CIMAPRO19-F02-1-ENG Practice Test Questions and Answers 2026

ST has sold its main office property, which had a carrying value of $360,000,to AB, a property management entity.The property was sold for $400,000 which isequal to itsfair value and was immediately leased back under an operating lease agreement.Which of the following journals will record this transaction?

How would KL account for itsinvestment in MNin its consolidated financial statements for the year to 31 December 20X9?

Whatis meant by the term 'a placing of ordinary shares'?

GG's gearing is currently 50% compared to the industry average of 40% (both measured as debt/equity). GG's debt is all in the form of a single bank loan that is repayable in five years' time. The directors of GG are seeking to raise finance for a new project and they are considering an additional bank loan from the same bank.Which of the following would prevent the bank from lending the finance for the project in the form of a new bank loan?

Entity A entered into a 3 year operating lease on 1 April 20X3. The rentals are 5,000 a year payable in advance with an additional payment of $1,800 payable on 1 April 20X3The rental expense to be included in the statement of profit or loss for the year ended 31 December 20X3 will be: