[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]

@miss

Are you able to answer all the MCQ in 2 hours. What about the ones with calculations, do they slow you down.

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

FROM NJ

[Anonymous]

Everyone here studying full-time today too?

24 question MCQ testlets all day for me.

[Anonymous]

Duplicate

[TigerWoods]

Studying the majority of the day. I'm reviewing B6 for the second time then I'm doing a practice test. I heard the Becker practice test are brutal for BEC. They haven't let me down through FAR or REG yet.

[h0wdyus]

Every one is quietly studying today.

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

FROM NJ

[TigerWoods]

Which of the following techniques effectively measures improvements in product quality as a result of internal failure costs?

a. Tracking the number of products reworked.

b. Inspection of in-process goods.

c. Tracking warranty expenses over time.

d. Recording the number of products returned over time.

[h0wdyus]

Going with A

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

FROM NJ

[Anonymous]

A as well. Reworking always pertains to internal costs.

[lauren725]

Week of the test anxiety has set in. Wishing I could be at home studying but unfortunately have a 9/15 deadline at work so busy busy it is. At least I have Thursday off. Feeling like a crazy person!!

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[h0wdyus]

Laruen

Where do you work in a CPA firm or Industry. what type.

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

FROM NJ

[Anonymous]

Just bought Ninja MCQ. Very impressed by the interfaces and the adaptive learning component.

[EYNewHire]

Studying all day as well. Finishing B5 and doing about 1/3 to 1/2 of B6. I'll try to post random questions in between.

On a side note, I have yet to do one WC but then reading the posts about time allocation it seems they won't take long. Does anyone have a breakdown or strategy on how to approach them?

[RandomAlt]

I wish I was studying full time today. Work all week, so just lunch breaks for me (and before work…and after work…lol).

@EYNewHire – Do a search in another71 for BEC written communication. There are some good posts already. There is even one where Jeff gives a bunch of tips for the communication that are really great. I'd give the direct link but Im not on my main computer right now.

FAR - [10/07/2013 --> 66] [07/07/2014 --> 86]
BEC - [08/31/2014 --> 86]
AUD - [11/24/2014 --> 88]
REG - [02/14/2015 --> 92]

[lauren725]

Howdy – I work in Oil and gas – industry corporate tax. My hours are not too bad, but just with the test anxiety it makes everything so much more stressful. I did not want to give up a testing window though without taking one!

I used to be in public accounting – had enough after about 2 years.

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[GatorOwl]

@EYNewHire – I concur with RandomAlt. There's some good posts on here about the writing section. In my experience, both Internal control and IT seem to dominate writing section topics. Make sure you cover relevant key “buzz” words related to the topics since the first grading pass is performed by computer. Just my .02

[Author]

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