[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

[taxgeek83]

I haven't gotten into the Ninja software for BEC yet, but after using it for FAR, I'd stay start there if you're set on skipping videos. Otherwise go through your Becker videos and hit the Ninja MCQ after. Plan here is to go through the Yaeger videos and then hit Ninja, skipping Wiley unless I have extra time in review.

[Anonymous]

Just did all the IT questions in Wiley and score a 85%..not too bad 😉

[Anonymous]

I passed BEC with an 83 using only Becker and not supplementing with anything else. I personally think Becker is a great study course for BEC but that's just me. I'm using it again for my retake since I let it expire.

[Anonymous]

Can someone help me with this problem? For some reason it's really confusing to me.

A company that produces 10,000 units has fixed costs of $300,000, variable costs of $50 per unit, and a sales price of $85 per unit. After learning that its variable costs will increase by 20%, the company is considering an increase in production to 12,000 units. Which of the following statements is correct regarding the company's next steps?

a.

If production remains at 10,000 units, profits will decrease by $50,000.

b.

If production is increased to 12,000 units, profits will increase by $50,000.

c.

If production is increased to 12,000 units, profits will increase by $100,000.

d.

If production remains at 10,000 units, profits will decrease by $100,000.

[Anonymous]

Before

10,000*(85-50) – 300,000 = 50,000

After

10,000*(85-50*1.2) – 300,000 = (50,000)

Overall = from +50K to -50K is 100K decreased

[Anonymous]

MayBee, I'm doing the MC and reading through the sample answers at the end of each chapter in Gleim. I figure I'll write a few in final review also, but mainly am concentrating on BEC concepts as well.

[fiona87]

Listening to Cindy define “internet” and “Web 2.0” is making me want to stab my eardrums with a stick.

FAR - 79 (11/27/13)
AUD - 76 (2/1/14)
REG - 77 (5/30/14)
BEC - 88 (7/18/14)

MN Ethics - 100% (3/9/14)

AND DONE! 8/1/14

[Anonymous]

Please… Ask me what a blog is?

[fiona87]

Could you please define “Twitter”?

FAR - 79 (11/27/13)
AUD - 76 (2/1/14)
REG - 77 (5/30/14)
BEC - 88 (7/18/14)

MN Ethics - 100% (3/9/14)

AND DONE! 8/1/14

[Anonymous]

I just don't know how to start studying!!!! 🙁 I think I will take it in August 30. Looong time to study for the exam.

[Peterman25]

This is the stuff that is killing me. I am partially clueless on the treatment of asset disposals and, to my recollection, none of this is mentioned in Roger's review materials. I get them wrong every time. This is why I think the NINJA MCQ are a must.

The key to solving this problem is separating the cash flow items from the noncash items. The $40,000 cost to remove the asset is a cash outflow. The scrap salvage value of $10,000 is a cash inflow. Both of these items are also part of the net income upon which tax must be computed. The $75,000 loss that will result from the disposal is also part of the net income upon which tax must be computed. However, the loss is not a cash outflow. What is a cash flow is the tax or tax savings in the net income or loss. The “end-of-life” cash flow may be calculated as follows:

Outflow: Cost to remove ($ 40,000)

Inflow: Salvage value $ 10,000

Inflow: Tax savings from

net loss $ 42,000 *

---

Net cash inflow $ 12,000

* The tax savings is calculated on a net loss of $105,000. The loss is a result of the $65,000 tax loss on the asset disposal ($75,000 tax basis offset by $10,000 scrap value) and the $40,000 cost to remove the asset.

BEC 7/14 - PASS
FAR 10/14 - PASS
AUD 1/15 - PASS
REG 4/15 - PASS

AZ license - Official 8/20/2015

[Anonymous]

Just got through the 130+ B2 MCQS that involve variances and surprisingly scored above a 70% on the first round through. Feeling good!

[Anonymous]

Just got through the 130+ B2 MCQS that involve variances and surprisingly scored above a 70% on the first round through. Feeling good!

[Anonymous]

Does anyone know exactly how much Cost Accounting is tested? Some of these problems I'm working on during the MCQ are so lengthy and wordy I feel I'm wasting so much time writing down everything word for word and not understanding it to the fullest.

I guess my other question would be should I be focusing so heavily on this when I need to really hustle on the last few chapters? Maybe coming back to it more during my last 3 or 4 days of final review?

Thanks in advance…

[joe.jansen]

Got 8 weeks to tackle BEC while working full time. no break fresh off REG. burnt out. really struggling to sit through these hour + long becker lectures and then tackle hundreds of MCQ. Every time i get into a new section I think, “There is NO WAY im ever going to know enough of this to pass”

B EC - 77
A UD - 66, 68, 76
R EG - 75
F AR - 75

Becker

[Author]

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