[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

[Iggy_1985]

yeah I guess that sorta makes sense, I'll think of it like that so I can move on haha

FAR - 89 (8/19/14) Wiley TB, Wiley Book, Books from School, Ninja Audio/Notes
AUD - 92 (10/14/14) Wiley TB, Wiley Book, Ninja Audio/Notes
BEC - 82 (5/8/15) Ninja MCQ, A few Becker lectures during commute
REG - 84 (8/14/15) Ninja MCQ, A few Becker lectures during commute

Letters after my name soon!

[Iggy_1985]

Quick question on ratios – which ones are you guys memorizing? I have current/quick assets, inv turnover, receivables turnover, EPS in my brain from far but adding return on assets and return on equity. What other ratios do you think might be important to remember?

FAR - 89 (8/19/14) Wiley TB, Wiley Book, Books from School, Ninja Audio/Notes
AUD - 92 (10/14/14) Wiley TB, Wiley Book, Ninja Audio/Notes
BEC - 82 (5/8/15) Ninja MCQ, A few Becker lectures during commute
REG - 84 (8/14/15) Ninja MCQ, A few Becker lectures during commute

Letters after my name soon!

[Anonymous]

That's about it, if I get a simulation on one I don't know I will just use the AL feature.

[Anonymous]

I didnt know we could find the ratios in the AL! cool

i have these memorized plus asset turnover ration, gross margin, and times interest earned.

[Anonymous]

That is if the questions pertaining to ratios comes in form of a simulation, and not a MCQ. Obviously the AL feature wouldn't work for a MCQ.

[Future Ninja]

@cpaby2015 – yes. this is my first section to take.

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Anonymous]

Then it makes sense for you to feel anxious and nervous, Look at Iggy who scored a 89 on FAR and was freaked out mainly due to not knowing what to expect. You know your stuff as you have been answering a lot of questions here for the past three or so weeks. Just continue to knock our MCQs on your weak areas.

[Future Ninja]

@cpahopeful11 thanks.

#1 for tonight.

The following information pertains to Ali Corp. as of and for the year ended December 31, 20X1:

Liabilities $ 60,000

Stockholders' equity $500,000

Shares of common stock issued and outstanding 10,000

Net income $ 30,000

During 20X1, Ali's officers exercised stock options for 1,000 shares of stock at an option price of $8 per share. What was the effect of exercising the stock options?

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Anonymous]

Are you going to give us any options?

[Iggy_1985]

ew far stuff burn it 😛

FAR - 89 (8/19/14) Wiley TB, Wiley Book, Books from School, Ninja Audio/Notes
AUD - 92 (10/14/14) Wiley TB, Wiley Book, Ninja Audio/Notes
BEC - 82 (5/8/15) Ninja MCQ, A few Becker lectures during commute
REG - 84 (8/14/15) Ninja MCQ, A few Becker lectures during commute

Letters after my name soon!

[Future Ninja]

no options. it's tbs.

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Iggy_1985]

you just type in an arbitrary number? or type in a sentence?

FAR - 89 (8/19/14) Wiley TB, Wiley Book, Books from School, Ninja Audio/Notes
AUD - 92 (10/14/14) Wiley TB, Wiley Book, Ninja Audio/Notes
BEC - 82 (5/8/15) Ninja MCQ, A few Becker lectures during commute
REG - 84 (8/14/15) Ninja MCQ, A few Becker lectures during commute

Letters after my name soon!

[Iggy_1985]

dr Cash 8000

dr PIC – Stock Options ??

cr C/S – ??

cr APIC – C/S ??

Soo effect = cash goes up? lol

Higher working capital? idk >_>

FAR - 89 (8/19/14) Wiley TB, Wiley Book, Books from School, Ninja Audio/Notes
AUD - 92 (10/14/14) Wiley TB, Wiley Book, Ninja Audio/Notes
BEC - 82 (5/8/15) Ninja MCQ, A few Becker lectures during commute
REG - 84 (8/14/15) Ninja MCQ, A few Becker lectures during commute

Letters after my name soon!

[Future Ninja]

type in the entries and the direct effect to financial statement ratios.

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Future Ninja]

#2.

An auditor may achieve audit objectives related to particular assertions by:

A.

performing analytical procedures.

B.

adhering to a system of quality control.

C.

preparing auditor workpapers.

D.

increasing the level of detection risk.

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Author]

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