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Certified Real Estate Manager (CREM)

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NEW QUESTION: 1
The statement of profit or loss for PQ, ST and AB for the year ended 31 December 20X0 are shown below:

1. PQ acquired 80% of its subsidiary, ST, on 1 January 20X0 and 40% of its associate, AB, on 1 September
20X0.
2. Since acquistion PQ has sold goods to ST and AB for $20,000 and $30,000 respectively. At the year end both ST and AB have 50% of these goods remaining in inventory. PQ uses a mark-up of 20% on all of its sales.
3. Since acquisition the goodwill in respect of ST has been impaired by $8,000 and the investment in AB has been impaired by $2,000.
4. PQ uses the fair value method for non-controlling interest at acquisition.
Calculate the amount that will be shown as the share of profit of associate in PQ's consolidated statement of profit or loss for the year ended 31 December 20X0.
A. $10,000
B. $3,200
C. $4,000
D. $2,000
Answer: D

NEW QUESTION: 2
You need to display data is referenced by a lookup field on a form.
Which option should you use?
A. Quick View
B. Quick Find View
C. Associated View
D. Public View
Answer: C

NEW QUESTION: 3
Which method below is NOT one of the ways to communicate using the Management API's?
A. Sending API commands over an http connection using web-services
B. Typing API commands using Gaia's secure shell(clish)19+
C. Typing API commands from a dialog box inside the SmartConsole GUI application
D. Typing API commands using the "mgmt_cli" command
Answer: A
Explanation:
Reference: https://sc1.checkpoint.com/documents/R80/APIs/#introduction%20


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