[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]

Night! I am going to shut down now and do some reading of my notes before I hit the sack.. See you all tomorrow

[Mamabear]

@NJPRU–The trick there is that the shares outstanding do not increase on the “declaration date”. They do increase on the “distribution date”. You can declare that a stock dividend will happen, but until it actually does the shares won't increase.

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[CPAfit]

hello guys just got back home from my CPA exam trip and it feels so great to take a look at the REG book already 😛 I see Amanda_88 just went under the knife and it looks like shes has got this. Her Becker exam scores also speak for how well she prepared and I know she will pass this.

@joe @brainfarts @stoleway @lauren @anna @Wanna_be you guys will definitely pass this as it's pretty obvious from this thread how well you guys have prepared. So just keep doing what you're doing and let's just hope for that 75 on 6/6. Good luck

@mamabear your support for this whole group has been phenomenal and I don't have words to express my gratitude for all that you do for us. Hopefully this time both of us will be taking REG together this time in July and celebrate our final passing of this exam together 🙂

Happy study guys and kick some FAR butt HIYA!

[Anonymous]

Cash paid/received from current NP and current portion of LTD is classified under Financing Activities of SCF.

True of False?

[Anonymous]

^^ US GAAP i think its always operating in CF for Interest paid – i assume this is US GAAP (Note payable) so will say false

[Anonymous]

Tricky, isn't it?

I think, this specific statement refers to the principal of Current NP & Current Portion of LTD. So it should be TRUE.

Now, if the situation refers to the interest of the current NP and current portion of LTD, that I believe will be a different story.

If under GAAP, all interests (both paid & received) should be under operating activities.

If under IFRS, for interest received, it's either CFO or CFI. For interest paid, it's either CFO or CFF.

Why do they make all these things so complicated?

[Anonymous]

Hey everyone- just wanted to log on and say happy studying and good luck tomorrow @jrosen! I had a CPA Exam hangover last night…I was so exhausted and then dreamed about FAR all night long. I know you'll do great tomorrow Joe and everyone else who has their test next week will do well too. We're clearly all well prepared and have put a lot of time & effort into this.

[NJPRU]

Good luck on your final review today J! Kick some butt!

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

IM GOING TO BE A CPA!!!!!

[Anonymous]

Best of Luck Joe for your Exam tomorrow.

Everyone else – Happy Studying this long weekend… Yeyeyeye… we get the Whole of Monday to study – isn't that just sad to be excited to study on holiday 😀

[stoleway]

Joe…

Good luck tomorrow….u got this!

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

Mass-CPA

[CPAfit]

@joe good luck buddy I know you got this 🙂

[Not a Quitter]

jrosen- Good luck tomorrow!! It's obvious you know your stuff so go kill it!

FAR- 85 I'm DONE!
BEC- 75
REG- 60,60,75
AUD- 74,74,83

CPAExcel used for BEC, AUD, REG
Exam Matrix used for FAR plus NINJA Blitz, cpareviewforfree and a little CPAExcel

[WANNABE_CPA]

Can someone explain me how is the becker simulation F4 2ND SET ..Number 2 calculated? it doesnt have a very clear explanation?

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

[stoleway]

Taft Corp. uses the equity method to account for its 25% investment in Flame, Inc. During the year, Taft received dividends of $30,000 from Flame and recorded $180,000 as its equity in the earnings of Flame. All the undistributed earnings of Flame will be distributed as dividends in future periods. The dividends received from Flame are eligible for the 80% dividends received deduction. There are no other temporary differences. Enacted income tax rates are 30% for the current year and thereafter. In its December 31 balance sheet, what amount should Taft report for deferred income tax liability?

A. $45,000

B. $10,800

C. $54,000

D. $9,000

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

Mass-CPA

[Not a Quitter]

Stoleway- is it B?

FAR- 85 I'm DONE!
BEC- 75
REG- 60,60,75
AUD- 74,74,83

CPAExcel used for BEC, AUD, REG
Exam Matrix used for FAR plus NINJA Blitz, cpareviewforfree and a little CPAExcel

[Author]

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