CIMA F2 Advanced Financial Reporting F2 Question # 19 Topic 2 Discussion

CIMA F2 Advanced Financial Reporting F2 Question # 19 Topic 2 Discussion

F2 Exam Topic 2 Question 19 Discussion:
Question #: 19
Topic #: 2

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 is equal to its fair value and was immediately leased back under an operating lease agreement. 

Which of the following journals will record this transaction?


Get Premium F2 Questions

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.