[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

[WANNABE_CPA]

@Joe LIFO is correct.

What is short position and long position? u mean from derivatives and hedginf ?

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[jrosen92770]

Yes.

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

[WANNABE_CPA]

Is the gain or loss recognized on the sale or retirement of one asset in a group or composite asset?

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[WANNABE_CPA]

@joe i hate this topic and i need to review..i remember nothing of that

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[Anonymous]

I remember that one! No gain or loss is recognized because cash received is considered its book value

[jrosen92770]

No it is not recognized.

Short – You expect/bet the price to go down

Long – You expect/bet price to go up

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]

Anyone do the partnership sim in Becker?

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

[WANNABE_CPA]

@anna and @jrosen, correct, G/L not recognized, if any loss take it in acc depreciation.

Entry DR CASH

DR Acc dep

CR Asset (cost)

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[lauren725]

Hope everyone is doing well today. Gah, NFP is not going easy for me. Anyone else have the same problem? #confusing

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[jrosen92770]

Hey Lauren – Working on it now 🙁

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]

No sad faces!! 🙂 <—- much better!

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

IM GOING TO BE A CPA!!!!!

[lauren725]

I really understand most of govt (let's hope) but NFP is just not clicking. I know repitition is key, but I think bc I am only a week away it is freaking me out a little. Oh well, will just keep reviewing the MCQ and chapter some and more next week before the test.

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[jrosen92770]

How are donated services treated in NFP?

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

[WANNABE_CPA]

@lauren NFP i get really confused when i review like the whole chapter together, though i feel comfortable doing MCQs but when i am reading i just get totally blank, so i have made 6 sections from that and i am reviewing one each everyday so it sticks in my mind.

1. pg42-46

2. pg47-48 Cash flows

3. 52-59 contributions

4. 59-62 Interelated

5. 63-67 Investments

6. 67-76 Industry specifics

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[WANNABE_CPA]

@jrosen donated services are at Fair value, both expenses and contribution revenue

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[Author]

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