I'm going through the 2013 AICPA release questions now. Much easier than Becker. I find the questions in Becker literally take you a minute to understand, then they throw in ridiculous dates to keep track of. My favorite, and believe me I've pulled hair out over them, is when the sell a bond in April, dated January, and want to know the balance in an account in July. Come on man !!!!!
Verona Co. had $500,000 in short-term liabilities at the end of the current year. Verona issued $400,000 of common stock subsequent to the end of the year, but before the financial statements were issued. The proceeds from the stock issue were intended to be used to pay the short-term debt. What amount should Verona report as a short-term liability on its balance sheet at the end of the current year?
That was a good one J. I love this new thing we are doing with the questions, even if I haven't been participating in the moment I've been reviewing the history and it's very helpful.
Especially interesting is Stoleways idea. Since it seems we have a group finishing up and one in the early stages it's a great idea to post questions you get wrong. You can probably get a good explanation while we get to review topics we might not have touched lately. Win Win all the way.
Welp, finger is officially out of commission from writing so many notes…where can I access the Ninja insurance plan for note taking?? lol
Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!
CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree
@Spartan – I don't know what to think of my progress tests so far. Two days ago I was averaging 65-70. Last night I did one short test (20 MCQ) and I got a 95. Thursday is coming up fast. I think i will lock myself up in my man cave this weekend..
How many letters do you need – I agree it does help and yes the groups will be switching over soon as those take FAR in April and we move into the new group for those taking the exams in May.
Set for May 19th but may push back to May 23rd … Lets see how I progress in April 🙂
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