[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

[EYNewHire]

Buy foreign currency forward today.

[rzrbkfaith]

@_Nick_

I have seen that said several times. I spent all evening yesterday studying B4 and re-reading the appendix. I have some extra ERM handouts that our instructor gave us that I plan on going over tonight. I am debating taking practice test 2… just to gauge things… I am just freaked out by this exam and looking forward to moving on to REG.

I took both practice tests for AUD and was well prepared for the exam. I just want to be as well prepared for this one too.

AUD - 99
BEC - 97
REG - 91
FAR - 1/8/16

[lauren725]

Good luck tomorrow everyone. I hope we all have a not horrible testing experience. I look forward to not studying this holiday weekend.

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!

[Anonymous]

Good Luck to all those sitting tomorrow and this weekend; I'll be at my testing center early tomorrow afternoon.. I'll see you all on the other side 🙂

[h0wdyus]

@EY

Correct

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

FROM NJ

[h0wdyus]

Whats going on over there. EY , Nick, yorker,rzrbkfaith, lauren.

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

FROM NJ

[h0wdyus]

Tower Inc. sells a product that is a close substitute for a product offered by Westco. Historically, management of Tower has observed a coefficient of cross-elasticity of 1.5 between the two products. If management of Tower anticipates a 5% increase in price by Westco, how would this action by Westco’s management be expected to affect the demand for Tower’s product?

A 5% increase.

A 5% decrease.

A 7.5% increase.

A 7.5% decrease.

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

FROM NJ

[Anonymous]

Just finished watching the Eagles baby!

Probably read a few things on COSO and IT.

Tomorrow I'll just read the text until it's time to go to my center.

NO MCQ on EXAM DAY. Only the 72.

C. 7.5% increase.

[h0wdyus]

7.5.. Correct.

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

FROM NJ

[h0wdyus]

A country’s currency conversion value has recently changed from 1.5 to the U.S. dollar to 1.7 to the U.S. dollar. Which of the following statements about the country is correct?

Its exports are less expensive for the United States.

Its currency has appreciated.

Its imports of U.S. goods are more affordable.

Its purchases of the U.S. dollar will cost less.

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

FROM NJ

[EYNewHire]

Its exports are less expensive for the United States.

[EYNewHire]

I've just been goofing around the last few hours. Feels kinda nice.

[h0wdyus]

@EYNewHire yes

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

FROM NJ

[Anonymous]

Taking Melatonin and going to bed with my Becker book. Shame my life has come to forced sleep and a lifeless cuddle partner…

[h0wdyus]

Nick

You first task after passing the exam is to find a cuddle partner. 🙂 🙂

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

FROM NJ

[Author]

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