Exam F2 Topic 1 Question 15 Discussion

Actual exam question for CIMA's F2 exam
Question #: 15
Topic #: 1
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?

Suggested Answer: A Vote an answer

by Lou at Feb 26, 2026, 09:36 AM

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