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First, let me start with stating that the following is not meant for exam disclosure. This is just a very general observation and request for advice or suggestions.
On several MCQs during the FAR Exam, I struggled to decipher exactly what the question was trying to ask. I will not give specific examples but many times the question referred very broadly to “…on the Income Statement?” ….”or included in Net Income?”
I used Becker for review and based on that I expected more explicit references to “Income from Continuing Operations” if other categories were applicable (ie. discontinued, extraordinary, etc.). Additionally, I found instances where “Income Statement” wasn’t descriptive enough to figure out if they were testing for OCI or not (ie. Comprehensive Income Statement).
I know I’m probably over thinking this and the above description is vague at best, but just curious if anyone else has run into similar confusion or had possible suggestions. Trying not to make the same mistakes/habits while restudying for FAR.
BEC - 80 (11/30/2010), Lost Credit - Retake 11/30/2012, 80 (FINISHED!)
AUD - 71 (05/31/2011), 79 (08/28/2011)
REG - 70 (11/30/2011), 87 (02/09/2012)
FAR - 61 (5/31/2012), 80 (08/31/2012)
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