[jeff]

I’ve had a few requests for April/May Study Groups…March will be here before you know it.

In order to take an early April exam, you should begin studying…now. 🙂

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Anonymous]

It's D–Property Taxes. A and B are derived taxes because the tax is derived from an event (making income or buying goods) C could either be a grant mandated non exchange transaction or a voluntary non exchange transaction depending on the character of the grant.

[stoleway]

you're right!

If the seller or transferor is obligated to repurchase the receivable at a later date, it is known as effective control

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[jrosen92770]

Great questions tonight. I'll try and get on in the morning.

BEC - 5/26/2013 75
REG - 8/31/2013 82
AUD - 11/24/2013 74, 2/9/2014 92
FAR - 5/25/2014 85

NY CPA

[jrosen92770]

Have a good night.

BEC - 5/26/2013 75
REG - 8/31/2013 82
AUD - 11/24/2013 74, 2/9/2014 92
FAR - 5/25/2014 85

NY CPA

[Anonymous]

Goodwill should be tested for value impairment at which of the following levels?

A Each identifiable long-term asset

B Each reporting unit

C Each acquisition unit

D Entire business as a whole

[stoleway]

@jrosen92770

Good night:)

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[jrosen92770]

B each reporting unit

BEC - 5/26/2013 75
REG - 8/31/2013 82
AUD - 11/24/2013 74, 2/9/2014 92
FAR - 5/25/2014 85

NY CPA

[Anonymous]

Night JRo! Thanks for participating!

[jrosen92770]

Had too…one more…

BEC - 5/26/2013 75
REG - 8/31/2013 82
AUD - 11/24/2013 74, 2/9/2014 92
FAR - 5/25/2014 85

NY CPA

[stoleway]

B Each reporting unit

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Anonymous]

Yep-each reporting unit. Ending the night on a good note, aren't ya? 🙂

[jrosen92770]

Trying. See you all.

BEC - 5/26/2013 75
REG - 8/31/2013 82
AUD - 11/24/2013 74, 2/9/2014 92
FAR - 5/25/2014 85

NY CPA

[NJPRU]

Should goodwill be amortized? 😉

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[Anonymous]

An extraordinary gain should be reported as a direct increase to which of the following?

A net Income

B Comprehensive Income

C Income from continuing operations, net of tax

D Income from discontinued operations, net of tax

[stoleway]

What will be the effect on the following elements below when Accounts Receivable is written off?

a. Account Receivable

b. Allowance for doubtful debt

c.Net Income

d. Working Capital

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Author]

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