[jeff]

BEC Resources:

Free BEC Notes & Audio – https://www.another71.com/cpa-exam-study-plan

BEC 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

BEC Score Release: https://www.another71.com/cpa-exam-scores-results-release

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

[futureCPA12]

So today I took the practice final 1 for Becker and scored an 83, 71, and 83. I was unhappy bc all the questions were from the homework…one thing I liked about REG was that the practice exams hit you with all new questions. Oh well. Just gotta keep reviewing…

[Anonymous]

@Times_a_wastin , i feel you I've been there , but believe me once you get into the process , you will get the hunger to finish what you started so go get it , and it is very doable once you put the time and effort for it , good luck for all of us , and there is a light at the end of this journey , though , i advice if you could use , recent material would be better, good luck

[Anonymous]

@Times_a_wastin , i feel you I've been there , but believe me once you get into the process , you will get the hunger to finish what you started so go get it , and it is very doable once you put the time and effort for it , good luck for all of us , and there is a light at the end of this journey , though , i advice if you could use , recent material would be better, good luck

[zxiao]

Just finished B3 lecture, I'm gonna try to finish B3 homework by Friday!

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[zxiao]

Just finished B3 lecture, I'm gonna try to finish B3 homework by Friday!

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[Jennifer241]

I did 650 MCQ's in July and got a 70, aiming for 1200 MCQ's this time to ensure I KNOW The material. There were some things that I blanked out on during the exam because I didn't do enough questions to know it.

How many questions is everyone else planning to do to ensure a pass?

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[Jennifer241]

I did 650 MCQ's in July and got a 70, aiming for 1200 MCQ's this time to ensure I KNOW The material. There were some things that I blanked out on during the exam because I didn't do enough questions to know it.

How many questions is everyone else planning to do to ensure a pass?

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[zxiao]

I'm working on B4 homework and I really need help with the following problem:

For the next 2 years, a lease is estimated to have an operating net cash inflow of $7,500 per annum, before adjusting for $ 5,000 per annum tax basis lease amortization, and a 40% tax rate. The present value of an ordinary annuity of $1 per year at 10% for 2 years is $ 1.74. What is the lease's after-tax present value using a 10% discount factor?

The answer is $11,310

Explanation is: present value is based on the cash flows of an activity. Amortization is a non-cash expense that is considered only for its tax shield, therefore, the only relevant amounts are the $7,500 operating net cash inflow and the tax paid.

PV of cash inflow=7,500*1.74=13,050

PV of cash outflow for tax =(7,500-5,000)*40%*1.74=1,740

After-tax PV=13,050-1,740=11,310

When I do the calculation, I calculate PV of cash inflow=7,500*(1-40%)*1.74. I don't understand why using pre-tax inflow.

Thank you!

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[zxiao]

I'm working on B4 homework and I really need help with the following problem:

For the next 2 years, a lease is estimated to have an operating net cash inflow of $7,500 per annum, before adjusting for $ 5,000 per annum tax basis lease amortization, and a 40% tax rate. The present value of an ordinary annuity of $1 per year at 10% for 2 years is $ 1.74. What is the lease's after-tax present value using a 10% discount factor?

The answer is $11,310

Explanation is: present value is based on the cash flows of an activity. Amortization is a non-cash expense that is considered only for its tax shield, therefore, the only relevant amounts are the $7,500 operating net cash inflow and the tax paid.

PV of cash inflow=7,500*1.74=13,050

PV of cash outflow for tax =(7,500-5,000)*40%*1.74=1,740

After-tax PV=13,050-1,740=11,310

When I do the calculation, I calculate PV of cash inflow=7,500*(1-40%)*1.74. I don't understand why using pre-tax inflow.

Thank you!

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[zxiao]

@Jennifer241

I use Becker so there's at least 1200 questions. I also want to buy testbank after I finish Becker material.

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[zxiao]

@Jennifer241

I use Becker so there's at least 1200 questions. I also want to buy testbank after I finish Becker material.

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[zxiao]

I just got it! In different method though. In case someone want to know the answer.

7500 * (1-.40) = 4500

5000 * (.40) = 2000

4500 + 2000 = 6500

6500 * 1.74 = $11,310

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[zxiao]

I just got it! In different method though. In case someone want to know the answer.

7500 * (1-.40) = 4500

5000 * (.40) = 2000

4500 + 2000 = 6500

6500 * 1.74 = $11,310

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[tyndil24]

zxiao

This is how I solve those problems.

7500 – 5000 = 2500 * .4 = 1000 (this is how much tax you paid)

7500 – 1000 = 6500 (this is the after tax cash flow)

6500 * 1.74 = 11,310

REG - 76 (7/13)
FAR - 83 (8/13)
BEC - 87 (10/13)
AUD - 84 (1/14)

[tyndil24]

zxiao

This is how I solve those problems.

7500 – 5000 = 2500 * .4 = 1000 (this is how much tax you paid)

7500 – 1000 = 6500 (this is the after tax cash flow)

6500 * 1.74 = 11,310

REG - 76 (7/13)
FAR - 83 (8/13)
BEC - 87 (10/13)
AUD - 84 (1/14)

[Author]

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