[jeff]

@h0wdyus

Incorrect

The answer is B. Comparable sales.

“The use of comparable sales is not an income approach to valuation of a business, it is a market approach. Under the comparable sales approach, the value of a business is determined by comparing it to other entities with comparable characteristics for which the value is more readily determinable.”

This was a tricky one

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

[h0wdyus]

Random is going nutzzz . 🙂 🙂

FAR - 81 29th Aug 2013
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BEC - 89 29th Aug 2014
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FROM NJ

[RandomAlt]

@h0wdyus

Correct

And on that note, lunch break

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[stoleway]

Yellowstone Supply Company has a 1-year $100,000 note payable with a stated interest rate of 6% compounded semiannually.

The effective annual interest rate on this note is:?

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[h0wdyus]

6.09

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[h0wdyus]

(1+.03)^2 -1

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[stoleway]

correct

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[stoleway]

This is a controversial one

Which of the following statements relating to decentralized processing is not true?

A Computers may be viewed as a collection of independent databases rather than an integrated system

B Decentralized processing has been replaced with more efficient forms of processing.

C Processing occurs at multiple locations

D Computers are not generally networked and do not share data

f

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[h0wdyus]

Stoleway.. you are giving me such a good review.. Will you still be online after the exam on sunday .. sending us questions.

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[h0wdyus]

B.

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[h0wdyus]

@stoleway let me know what your doubt is about the question

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[stoleway]

@h0wdyus

Haha, I wont be able to do that, I'm currently bored with the material right now and I don't want to see this questions again in the future,,,lol

I believe you and Randomalt can pull it together:)

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[stoleway]

I thought D was a good option, is it true that decentralized computers are not networked and do not share data?

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[h0wdyus]

Keep going forward and keep posting. you have till today to review.

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[RandomAlt]

I'm back*…and going with D

*Until my kid wakes from his nap

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[RandomAlt]

I missed your response stoleway … if they are decentralized, they would have to evenutal share data, at least to sync…I would think they would have to be networked…which is why I chose D

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[Author]

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