[.]

I was doing Question #1292 on NINJA MCQ and was having trouble with it, so I googled it. I found this:

Link

1994!?

Lynn Manufacturing Co. prepares income statements using both standard absorption and standard vari­able costing methods. For Year 2, unit standard costs were unchanged from Year 1. In Year 2, the only beginning and ending inventories were finished goods of 5,000 units. How would Lynn’s ratios using absorption costing compare with those using variable costing?

Incorrect A.
Current ratio, same; Return on stockholder’s equity, same

B.
Current ratio, same; Return on stockholder’s equity, smaller

C.
Current ratio, greater; Return on stockholder’s equity, same

D.
Current ratio, greater; Return on stockholder’s equity, smaller

FAR - June 2016 - 88
REG - July 2016 - 89
AUD - Aug 2016 - review phase currently
BEC - Sep 2016 -

Wiley CPA Excel & Ninja MCQ

[.]

This one was in CPAExcel:

Mars, Inc., manufactures and sells VCRs on credit directly to wholesalers, retailers, and consumers. Mars can perfect its security interest in the VCRs it sells without having to file a financing statement or take possession of the VCRs if the sale is made to

A. Retailers.
B. Wholesalers that sell to distributors for resale.
C. Consumers.
D. Wholesalers that sell to buyers in the ordinary course of business.

FAR - June 2016 - 88
REG - July 2016 - 89
AUD - Aug 2016 - review phase currently
BEC - Sep 2016 -

Wiley CPA Excel & Ninja MCQ

[jeff]

A lot of them go back that far … and are updated as needed. The AICPA puts out a handful of new questions each year.

[Anonymous]

Soooooo many of my COSO questions are from before the 2013 changes. Many answers don't really make sense in light of the new framework. (I'm using Becker, but my guess is that all the review courses are similar.)

[jeff]

Old questions are still updated/tweaked/re-written to reflect today's standards…it's up to the review course to do that, however.

[BenB]

There are more than a few IT questions in NINJA that wouldn't make it anywhere near the current exam.

FAR 7/11/16 - 87
BEC 9/9/16
REG TBD
AUD TBD

[jeff]

Don't underestimate the exam's ability to test you on antiquated technology questions.

[l3rittany75]

I mean it is consistent with the tests. I saw a questioned that used 2003 as the year once.

BEC: 78!! (10/15)
REG: 75!!!! (2/16)
FAR: 72, 72, 81!!! (7/16)
AUD:63 Retake: 9/16

"The only way you can fail the CPA Exam is by quitting."

[c1oth]

How about this, found in my review material?

“Vindaloo Corporation wants data storage for a large volume of data that is unlikely to change often. They should consider using”

A. A hard disk.
B. Magnetic tape.
C. CD-ROM.
D. Memory (RAM).

The answer is C.

What should I put if something like this appeared on the exam? I disagree with C

[.]

So if there are questions from 1994 that means these questions were from the time when the CPA exam was still pencil and paper.

10th Anniversary of Computerized CPA Exam

Computer Based CPA Exam Officially Launched

FAR - June 2016 - 88
REG - July 2016 - 89
AUD - Aug 2016 - review phase currently
BEC - Sep 2016 -

Wiley CPA Excel & Ninja MCQ

[Author]

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