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CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 39 Discussion
Actual exam question for
CIMA's
CIMAPRA19-F02-1 exam
Question #: 39
Topic #: 1
[All CIMAPRA19-F02-1 Questions]
Topic #: 1
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?
Suggested Answer:
A
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