[Anonymous]

I’m rewriting only a few areas I feel will most likely be tested on the exam…I’m currently rewriting the SCF section…

according to the NINJA notes, Cash paid for the acquisition of Trading securities are included in both Operating and Investing activities…I thought they were only supposed to be included in Operating activities.

They can’t be included in both…so???

[jeff]

Depending on what the company plans on doing with them, they are usually operating, but they can be either.

For exam purposes – just know that they could be either.

[jeff]

Depending on what the company plans on doing with them, they are usually operating, but they can be either.

For exam purposes – just know that they could be either.

[Anonymous]

i have another question, it says in the ninja notes that under ifrs – gaap differences: there are 2 ways to report comprehensive income under ifrs (income statement and statement of comprehensive income) but gaap allows 3. however, in my cpaexcel material, it says the reporting is the same under both as of 2012. can you clarify? thanks

[Anonymous]

i have another question, it says in the ninja notes that under ifrs – gaap differences: there are 2 ways to report comprehensive income under ifrs (income statement and statement of comprehensive income) but gaap allows 3. however, in my cpaexcel material, it says the reporting is the same under both as of 2012. can you clarify? thanks

[jeff]

Can you please tell me what page that's on? I am only seeing the two methods (which is correct) for IFRS/GAAP.

[jeff]

Can you please tell me what page that's on? I am only seeing the two methods (which is correct) for IFRS/GAAP.

[Anonymous]

its page 14.

thanks

[Anonymous]

its page 14.

thanks

[jeff]

That's really weird – i think my server sent you an old file.

I just emailed you the newest one.

[jeff]

That's really weird – i think my server sent you an old file.

I just emailed you the newest one.

[Anonymous]

thanks!

[Anonymous]

thanks!

[Anonymous]

My notes say the same thing on Page 14.

[Anonymous]

My notes say the same thing on Page 14.

[Anonymous]

i need some clarification on this:

For EPS purposes, treat C/S stock splits or stock

dividends as if they occurred at the beginning of the

year, regardless of when actually issued during the

year

1/1: 20,000

2-for-1 split 4/1: 20,000

Shares issued 7/1: 10,000

Average C/S for EPS purposes: 45,000 (20k+20k+5k)

shouldnt the correct answer be:{[(20,000 + 20,000 (9/12)] / 2} + 10,000 (6/12)

which equals 22,500

[Author]

Replies