[Anonymous]

I cannot be the only one who keeps making silly mistakes because I did not assume certain numbers that were mentioned in a question have already been included. For example:New England Co. had net cash provided by operating activities of $351,000, net cash used by investing activities of $420,000, and cash provided by financing activities of $250,000. New England’s cash balance was $27,000 on January 1. During the year, there was a sale of land that resulted in a gain of $25,000, and proceeds of $40,000 were received from the sale. What was New England’s cash balance at the end of the year?

At first glance I assume you take the 27,000 add 351,000 & 250,000 subtract the 420,000 & add the 40,000 proceeds ( 25 to operating.15 to investing). But no it’s wrong because I was supposed to assume the 40,000 was included. Why do I have to assume? Why can’t they just say it is included so I don’t have to think about that number. Jeez..I keep getting so many questions wrong because of little things its so frustrating.

[Mary 2496]

That's one of the things I hated about BEC – the whole numbers issue and “squeezing” certain numbers or having to assume information in some of the cost accounting problems. Right there with you, on that one. It gets very frustrating.

[nicole2035]

ia review material isn't always good at this but when you take the actual exam i think they're really good at leaving out this type of confusion. You wouldnt believe how much i'd get wrong on sims due to the instructions being poorly made up, but when i got to the actual exam, luckily they leave little room for you to get side tracked by info like that

[Zuly]

I thought I was the only one experiencing these kinds of confusions on questions like this one. Glad to know that on the real exam it won't be this way.

FAR - (11/01/14) 71 (02/07/15) 79
AUD - (04/30/15) 86
BEC - (07/21/15) 73 (10/01/15) 75
REG - (11/30/15) 55 (05/19/16) 74

[twisterX]

This question is exactly the same in my Becker review course with the answer being 208 and in the NINJA MCQ which I recently got to review with the answer is different which goes into computing the extra data which imo should not be used.

Take a look at this picture I snapped of it.

https://i62.tinypic.com/2ezjzx3.jpg

FAR - 84
REG - Nov 30
AUD - Jan 3
BEC - TDB

[twisterX]

Whoops heres the questions from Ninja. I selected 208 and got it wrong.

https://i62.tinypic.com/9gdieb.jpg

FAR - 84
REG - Nov 30
AUD - Jan 3
BEC - TDB

[Author]

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