[J]

If you are studying Becker, I came across this wording in chapter 2. It is in regards to impairments…

“… this quantitative impairment test is not necessary if, after assessing relevant qualitative factors, an entity determines that it is NOT MORE LIKELY THAN NOT that the fair value of the indefinite life intangible asset is less than its carrying amount.”

… What the fuuuuuhh??

I did a little googling and read somewhere that this actually isn’t a double negative. I don’t care what you call it, I think it’s very silly and I don’t like it. Would not the sentence not have the same meaning if you took out both of those “not”s ? (do you see what I did there?)

DONE

Becker

FAR: 05/02/13 - 87
AUD: 05/22/13 - 79
REG: 07/02/13 - 66 🙁 Retake 4/1/14 - 81
BEC: 10/04/13 - 79

Woof

[Maverick]

I texted my husband and son some quotes from REG and Audit…they had the same reaction: What the f…….Sometimes I wonder what was in the mind of the CPA who came up with them and why in the world other CPAs agreed to it.??????? There are a lot of double negatives I read…kind of makes you wonder.

Someone should start a double negative post…I bet there would be some real creative ones.

F - Passed...THANK YOU, LORD. GLORY TO GOD.
B - Passed...THANK YOU, LORD. GLORY TO GOD.
A - Passed...THANK YOU, LORD. GLORY TO GOD.
R - Passed...THANK YOU, LORD. GLORY TO GOD.

Ethics - 95

Licensed CPA

I COULD NOT HAVE DONE THIS WITHOUT MY LORD. THANK YOU.

"According to your faith will it be done to you." Matthew 9:29

[sbarkerACPA]

I seen this in regulations and my first thought was who talks like that..wtf…I guess you can use it when you are 50% + sure you know the answer to something…

BEC: 74;81
AUD: 77
REG: 71; 80
FAR: 78
License for CPA----APPROVED
CPA Class of 2013

[Maverick]

You have to study them, especially when the AICPA more likely than not will not exclude them in the not so undifficult exam…(I know…”undifficult”…well that's an example of the made up things that AICPA tries to make sense…if that even makes any sense.)

F - Passed...THANK YOU, LORD. GLORY TO GOD.
B - Passed...THANK YOU, LORD. GLORY TO GOD.
A - Passed...THANK YOU, LORD. GLORY TO GOD.
R - Passed...THANK YOU, LORD. GLORY TO GOD.

Ethics - 95

Licensed CPA

I COULD NOT HAVE DONE THIS WITHOUT MY LORD. THANK YOU.

"According to your faith will it be done to you." Matthew 9:29

[Author]

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