[jeff]

NINJA Study Notes, Flashcards, and Audio: https://www.another71.com/products-page/

Wiley Software: https://www.another71.com/wiley-cpa-software/

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[OKCauditor]

BEC is a killer…there are too many random non-sense questions on the test (IT) that doesn't matter to an actual CPA. I think it's a bit impossible to fully prepare for this exam as it requires random industry knowledge. I am praying that I pass this time, otherwise I will loose credit for FAR and REG and AUD!!!

I think I am in the worst case scenario………… -_-

FAR: 77
REG: 76
AUD: 82
BEC: 5/31/12

[Anonymous]

Good luck OKCauditor!

Question to all:

Why is debt taxed when calculating the WACC?

[Anonymous]

Good luck OKCauditor!

Question to all:

Why is debt taxed when calculating the WACC?

[Anonymous]

@CashMoney, I think we compute debt net of tax because it has fixed financing charges and interest expense is deductible…

[Anonymous]

@CashMoney, I think we compute debt net of tax because it has fixed financing charges and interest expense is deductible…

[Anonymous]

@CashMoeny 10

It is not taxed, it is the tax shield for the interest you pay. Interest is tax deductible. That how I understood it. Correct me if I'm wrong.

[Anonymous]

@CashMoeny 10

It is not taxed, it is the tax shield for the interest you pay. Interest is tax deductible. That how I understood it. Correct me if I'm wrong.

[Anonymous]

Thanks EEL & cornelizza

It is the tax shield. It is the (proportion*(1-TR))*return

Proportion and return might be flipped, I'll have to go back to my notes.

[Anonymous]

Thanks EEL & cornelizza

It is the tax shield. It is the (proportion*(1-TR))*return

Proportion and return might be flipped, I'll have to go back to my notes.

[ICanHasCPA]

I'm taking the test in ~11 hours. Should be fun

[ICanHasCPA]

I'm taking the test in ~11 hours. Should be fun

[Anonymous]

I did my re-test this past Saturday, and, honestly, I think it went much smoother than last time. Then again, who knows… **sigh** 10 days till score release, and I seriously need to pass this time around. Keeping fingers crossed!

[Anonymous]

I did my re-test this past Saturday, and, honestly, I think it went much smoother than last time. Then again, who knows… **sigh** 10 days till score release, and I seriously need to pass this time around. Keeping fingers crossed!

[musicamor]

Does anyone have some magical formula in preparing for the WC? I mean, you are liable to get ANY topic–how do you adequately prepare for that? I know you can get the spelling, grammar, etc down pat; the conceptual preparation is near impossible, right?

I am taking BEC tomorrow after having passed it in 2010.

Texas CPA - licensed in 2012!!!

[musicamor]

Does anyone have some magical formula in preparing for the WC? I mean, you are liable to get ANY topic–how do you adequately prepare for that? I know you can get the spelling, grammar, etc down pat; the conceptual preparation is near impossible, right?

I am taking BEC tomorrow after having passed it in 2010.

Texas CPA - licensed in 2012!!!

[Author]

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