[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

[Thomas_]

@ stokey

to answer your second questions,

…..If the dollar price of the euro rises, which of the following will occur?…

1 euro = $2.00 dollars

1 euro = $3.00 dollars

thus the $dollar price of the euro rose (from $2 to $3) which weakens the dollar.

When I read that problem, i realized that sometimes, the problems are written to ruin our careers lol, i guess this one didn't make the cut and for that reason it is now a released question.

In anyway, it may help when you look it it this way.

Good luck.

FAR - 85 (4/12/13)
REG - 85 (7/18/2013)
AUD - 89 (10/7/2013)
BEC - 84 (11/27/2013)
Done!!!!!!

DO your best, and Forget the rest. - Tony Horton

[Thomas_]

@ stokey

to answer your second questions,

…..If the dollar price of the euro rises, which of the following will occur?…

1 euro = $2.00 dollars

1 euro = $3.00 dollars

thus the $dollar price of the euro rose (from $2 to $3) which weakens the dollar.

When I read that problem, i realized that sometimes, the problems are written to ruin our careers lol, i guess this one didn't make the cut and for that reason it is now a released question.

In anyway, it may help when you look it it this way.

Good luck.

FAR - 85 (4/12/13)
REG - 85 (7/18/2013)
AUD - 89 (10/7/2013)
BEC - 84 (11/27/2013)
Done!!!!!!

DO your best, and Forget the rest. - Tony Horton

[stokey45]

@Thomas_

Thanks! got it!!!

[stokey45]

@Thomas_

Thanks! got it!!!

[Thomas_]

@mary28.. I'm gonna take a stab at this question.

Cash in…………….$150,000

Less: tax……………(45,000)

= net……………….$105,000

Depreciation………..15,000 (600,000/12*30%)

After tax cash flow……………..$120,000

Depreciation is considered a non-cash expense because there is no cash involved in recording it. Because it is an expense, it is subtracted which in turn creates a smaller taxable income. Because taxable income is smaller, it reduces the related cash outflows for income taxes. Depreciation, therefore, creates a tax savings, for that reason that tax effect is added back. so $600,000/12 year usefull life x 30% tax rate = $15,000 in tax savings. Since we are dealing with “cash flows”, a tax savings is extra cash that wasn't paid and thus added in.

Hope this helps?

FAR - 85 (4/12/13)
REG - 85 (7/18/2013)
AUD - 89 (10/7/2013)
BEC - 84 (11/27/2013)
Done!!!!!!

DO your best, and Forget the rest. - Tony Horton

[Thomas_]

@mary28.. I'm gonna take a stab at this question.

Cash in…………….$150,000

Less: tax……………(45,000)

= net……………….$105,000

Depreciation………..15,000 (600,000/12*30%)

After tax cash flow……………..$120,000

Depreciation is considered a non-cash expense because there is no cash involved in recording it. Because it is an expense, it is subtracted which in turn creates a smaller taxable income. Because taxable income is smaller, it reduces the related cash outflows for income taxes. Depreciation, therefore, creates a tax savings, for that reason that tax effect is added back. so $600,000/12 year usefull life x 30% tax rate = $15,000 in tax savings. Since we are dealing with “cash flows”, a tax savings is extra cash that wasn't paid and thus added in.

Hope this helps?

FAR - 85 (4/12/13)
REG - 85 (7/18/2013)
AUD - 89 (10/7/2013)
BEC - 84 (11/27/2013)
Done!!!!!!

DO your best, and Forget the rest. - Tony Horton

[mary28]

@Thomas_ Thank you! Attempting the Final Exam #2 for Becker and it is horrible!

[mary28]

@Thomas_ Thank you! Attempting the Final Exam #2 for Becker and it is horrible!

[Thomas_]

Best of luck. I'm about 40 days away. Hoping this will be my last exam if I passed AUD. The waiting continues…

Focus on your weak areas and review the strong areas for memory purposes. I would suggest rank the areas from weak to strong and start from those weak topics first moving your way to the stong topics.

FAR - 85 (4/12/13)
REG - 85 (7/18/2013)
AUD - 89 (10/7/2013)
BEC - 84 (11/27/2013)
Done!!!!!!

DO your best, and Forget the rest. - Tony Horton

[Thomas_]

Best of luck. I'm about 40 days away. Hoping this will be my last exam if I passed AUD. The waiting continues…

Focus on your weak areas and review the strong areas for memory purposes. I would suggest rank the areas from weak to strong and start from those weak topics first moving your way to the stong topics.

FAR - 85 (4/12/13)
REG - 85 (7/18/2013)
AUD - 89 (10/7/2013)
BEC - 84 (11/27/2013)
Done!!!!!!

DO your best, and Forget the rest. - Tony Horton

[UCMCPA]

Watching b2 now… I loath this stuff.

FAR - 84
AUD - 94
REG - 86
BEC - 86

[UCMCPA]

Watching b2 now… I loath this stuff.

FAR - 84
AUD - 94
REG - 86
BEC - 86

[joch0803]

Hello Again everyone!

So took BEC back this summer….after a brutal 74 I met my first defeat : ( Well since then I have moved across state lines, started a new job, and rescheduled my retake twice. I just couldn't get back into the grove of studying, I just didn't care!!!

I've read many times people talking about getting angry at the test, well I finally know how they feel. I pushed my test back to Nov. 11th ( I suppose to take it this Saturday, but knew I wasn't ready). I woke up yesterday just Peeped off!!!!! I am SICK of Studying, I am sick of feeling guilty when I'm not studying, and I am sick of putting off starting a social life for this exam!!!!

I am ready to kick this tests behind!!!! I am going to live and breath BEC until November 11th, because after that date I'm never going to study for this stupid exam again!!!

Let's do this guys!!!!!!!!!!

Audit 10/2012- 77
Reg- 1/7/13- 82
Financial-2/25/13- 78
BEC- 74,66,81!

License pending : )

Ethics- Passed
Experience- Done

Using Becker self study.
**For BEC retake using Ninja Blitz, Ninja Notes, Ninja Audio, and WTB (my Becker expired)

[joch0803]

Hello Again everyone!

So took BEC back this summer….after a brutal 74 I met my first defeat : ( Well since then I have moved across state lines, started a new job, and rescheduled my retake twice. I just couldn't get back into the grove of studying, I just didn't care!!!

I've read many times people talking about getting angry at the test, well I finally know how they feel. I pushed my test back to Nov. 11th ( I suppose to take it this Saturday, but knew I wasn't ready). I woke up yesterday just Peeped off!!!!! I am SICK of Studying, I am sick of feeling guilty when I'm not studying, and I am sick of putting off starting a social life for this exam!!!!

I am ready to kick this tests behind!!!! I am going to live and breath BEC until November 11th, because after that date I'm never going to study for this stupid exam again!!!

Let's do this guys!!!!!!!!!!

Audit 10/2012- 77
Reg- 1/7/13- 82
Financial-2/25/13- 78
BEC- 74,66,81!

License pending : )

Ethics- Passed
Experience- Done

Using Becker self study.
**For BEC retake using Ninja Blitz, Ninja Notes, Ninja Audio, and WTB (my Becker expired)

[Amay]

@joch! I can't say I haven't been there..good for you for finally realizing you were wasting time. KILL IT!!!! 🙂

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Author]

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