[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

[NJPRU]

Cheers everyone!

Kicking off the weekend with Equity! WOOT! Then.. I plan to do 8 chapters before Monday night. Am I crazy?? Probably!! haha. Hope everyone is studying well! Good Luck to you J on your last night/day of studying! I'm sure you'll do great!

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

IM GOING TO BE A CPA!!!!!

[jrosen92770]

Thanks NJ. Back at you.

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]

please say the answer is 36000

[stoleway]

@Kenada….

The bond has been held for 6 years…so the unamortised discount is $16,000 using the straight line. Bond payable will always be reported at Face value which brings the carrying amount to 980,000.

The bonds can also be called at 101 according to the indenture agreement. call amount is 1,000,000 x 1.01 = 1,010,000

Journal entry for calling the bond will be ….

Bond payable………………1,000,000dr

Loss…………………………..26,000dr

Bond discount…………………………………………….16,000cr

Cash………………………………………………………….1,010,000cr

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

Mass-CPA

[Anonymous]

26,000 is that answer – I got it 🙂

I just need to get past the 101 mental block.

[Anonymous]

Oh I got the dates wrong, of course

[stoleway]

I got the dates wrong too, I just tweaked it

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

Mass-CPA

[Guti]

Im working on the 2013 released questions. How you guys did on the set of 90?

FAR-84
AUD-
REG-
BEC-

[stoleway]

The released questions are not up to 90 ??

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

Mass-CPA

[Anonymous]

Aren't they about 90 mcqs you can practice from per release on the old Ones – one from 2006 to 2009

I am to do the AICPA release questions on Sunday – 2013, 2012 and 2011

[Guti]

They have a total of 90 questions with explanations.

FAR-84
AUD-
REG-
BEC-

[stoleway]

huh, I have done all of them, but I only see 50 questions released per year

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

Mass-CPA

[Guti]

I’m sorry, you are right. They only have 50 I’m on sleep deprivation. I was studying late last night.

FAR-84
AUD-
REG-
BEC-

[Guti]

How did you do on the 50 questions?

FAR-84
AUD-
REG-
BEC-

[stoleway]

On average, I got about 5 questions wrong on each years released questions.

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

Mass-CPA

[Author]

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