[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]

I had a dream I could hand-select the topics I wanted for my exam, and got to pick my simulations. I had testlets full of calculating depreciation different ways and selecting which funds were gov't funds v. proprietary funds, and my sims were just creating bond amortization tables…

if only…

[stoleway]

On January 15, Year 2, before the Mapleview Co. released its financial statements for the year ended December 31, Year 1, it settled a long-standing lawsuit. A material loss resulted and no prior liability had been recorded. How should this loss be disclosed or recognized?

A. The loss should be disclosed in an explanatory paragraph in the auditor’s report.

B. The loss should be disclosed, but the financial statements themselves need not be adjusted.

C. No disclosure or recognition is required.

D. The loss must be recognized in the financial statements.

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

Mass-CPA

[Anonymous]

NJPRU – which topic are you referring to ? Segment reporting

i am looking at what you wrote and i am thinking … did i just miss the boat on a topic that I haven't reviewed ?

[lauren725]

Stoleaway – I will say D.

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!

[stoleway]

D is correct

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

Mass-CPA

[Anonymous]

I missed the qs..

Doing Deferred Tax sim… wasn't as bad but made too many mistakes.. grrr

[CPAfit]

@joe I'm pretty sure you'll ace this exam just like @brainfarts said you're one of the top students of this class so just relax and enjoy man.

For all others who still haven't taken the exam, just keep doing what you're doing. You guys are in the right direction and it's pretty obvious from the discussions in this thread that your concepts are solid. Just keep at it and you'll pass this exam. I believe in each and every one of you 🙂

[NJPRU]

Good Morning everyone! It's Memorial Day, and what does that mean…? It means, a day off of work to study! lol.

In all seriousness, thank you to all the service men and women here in the US for serving this country! And to those who are with me on this fine day, best of luck studying! And what a coincidence, I will be working on Governmental Accounting haha!

I'll check in in a little bit! 🙂

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

IM GOING TO BE A CPA!!!!!

[willpassby2014]

GoodLuck NJPRU…..i am going to revise the F.A/INVENTORY/EQUITY/DEF TAX/INTANGIBLE/REVENUE EPS /bonds/pensions today.

How many testlets are there actual exam? 4? how many simulation questions and how many MCQ

BEC Passed
FAR Passed
AUD Passed
REG Passed

[jrosen92770]

There are 3 (30 MCQ's Each) plus 7 SIMS.

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]

Good Morning Everyone!!

Another study day 🙂 Going to do the AICPA questions 2013 to 2011. Then move on to Finish the SIM's in Gleim then its progress tests all the way…

Thank you Zubairs 🙂

[RedSoxFan77]

Kenada, best of luck to you on your exam Wednesday! I’m confident you’ll kill it!

You got this!!!!!!

FAR 75
AUD 74, 82
REG 58, 74, 83
BEC 68, 75
Licensed 7.1.14!!!

[NYCaccountant]

Insi – Good luck on Wednesday!! Also, congrats on passing REDsox!

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[willpassby2014]

Thank you joe. what time allocation are you suggesting. This is the first time i am taking FAR.

BEC Passed
FAR Passed
AUD Passed
REG Passed

[Anonymous]

I have a question and bit puzzled about

An entity authorised 500,000 shares of common stock. At Jan 1 Y2 the entity had 110,000 shares of common stock issued and 100,000 shares of common shares outstanding. The entity had the following transactions in Y2:

March 1 …..Issued 15,000 shares of common stock

June 1 …….Resold 2,500 shares of treasury stock

Sept ………. 2-1 common stock Split

What is the total number of shares of common stock that the entity has outstanding at year end y2?

Now my question is this – if we had to use this data for the BEPS – what would get as the answer and how will it be different from the answer you get above?

[Author]

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