[Q2] FAR Study Group 2014 - Page 429

  • Creator
    Topic
  • February 6, 2014 at 9:58 pm #183478
    jeff
    Keymaster

    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

Viewing 15 replies - 6,421 through 6,435 (of 6,668 total)
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  • May 28, 2014 at 4:48 pm #566990
    CPAfit
    Participant

    good luck @brainfarts @wanna_be @NJPRU you guys will do great 🙂

    May 28, 2014 at 4:51 pm #566991
    UHC2005
    Member

    The anticipation is killing me. I'm ready for all the uncertainty to be over. Hopefully, I can stay on the rogue bull that is FAR for the full 8 seconds.

    Using Ninja MCQ, NINJA Notes, Audio, Flashcards and BLITZ, and 2014 Wiley Text

    FAR - (61,63)
    AUD - (68)

    Keep Calm and RTMFQ

    Accountant, what is best in life? To crush your MCQs, see them driven before you, and hear the lamentation of their SIMS!

    May 28, 2014 at 5:01 pm #566993
    HopefulCPA0601
    Member

    good luck @brainfarts @wanna_be @NJPRU!!!!!!!

    BEC: 65 - 79* - 84 DONE
    AUD: 65 - 76 DONE
    REG: 63 - 77 DONE
    FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

    Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

    May 28, 2014 at 5:07 pm #566994
    jrosen92770
    Participant

    Good luck NJ, Kenada, and Wanna_be. You guys have been working really hard and will do just fine.

    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

    May 28, 2014 at 5:10 pm #566995
    HopefulCPA0601
    Member

    On November 30, year 2, Eagle, Incorporated purchased for cash at $25 per share all 300,000 shares of the outstanding common stock of Perch Company. Perch’s balance sheet at November 30, year 2, showed a book value of $6,000,000. Additionally, the fair value of Perch’s property, plant, and equipment on November 30, year 2, was $800,000 in excess of its book value. What amount, if any, will be shown in the balance sheet as “Goodwill” in the November 30, year 2 consolidated balance sheet of Eagle, Incorporated, and its wholly owned subsidiary, Perch Company?

    A $0

    B $ 700,000

    C $ 800,000

    D $1,500,000

    BEC: 65 - 79* - 84 DONE
    AUD: 65 - 76 DONE
    REG: 63 - 77 DONE
    FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

    Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

    May 28, 2014 at 5:11 pm #566996
    HopefulCPA0601
    Member

    “Success is not final, Failure is not fatal: It is the Courage to continue that counts” – Winston Churchill

    ^^ tidbit of inspiration!

    BEC: 65 - 79* - 84 DONE
    AUD: 65 - 76 DONE
    REG: 63 - 77 DONE
    FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

    Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

    May 28, 2014 at 5:20 pm #566997
    lauren725
    Member

    Hopeful – is it B?

    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!

    May 28, 2014 at 5:20 pm #566998
    HopefulCPA0601
    Member

    @lauren – you got it!

    acquisition cost – fv = goodwill

    BEC: 65 - 79* - 84 DONE
    AUD: 65 - 76 DONE
    REG: 63 - 77 DONE
    FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

    Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

    May 28, 2014 at 5:21 pm #566999
    lauren725
    Member

    Woohoo, small victories!! LOL

    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!

    May 28, 2014 at 5:22 pm #567000
    lauren725
    Member

    Hopeful, what study materials are you using for your retake? Just curious!

    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!

    May 28, 2014 at 5:29 pm #567001
    HopefulCPA0601
    Member

    @lauren, I'm using becker questions/sims, wiley questions/sims, and becker final review

    BEC: 65 - 79* - 84 DONE
    AUD: 65 - 76 DONE
    REG: 63 - 77 DONE
    FAR: 65 - 63 - 67 - 69 - 73 - 71 - 83 DONE

    Becker Notes & Flashcards, Wiley Test Bank, Ninja MCQ

    May 28, 2014 at 5:34 pm #567002
    willpassby2014
    Member

    The AICPA released questions are comparatively very easy. They release only easy questions not to be re used ?

    BEC Passed
    FAR Passed
    AUD Passed
    REG Passed

    May 28, 2014 at 5:35 pm #567003
    willpassby2014
    Member

    Quickly revising Deff tax/ F.A/ Equity for my exams on friday.

    BEC Passed
    FAR Passed
    AUD Passed
    REG Passed

    May 28, 2014 at 5:38 pm #567004
    willpassby2014
    Member

    elley Corporation purchased equipment for $100,000 and incurred the following costs:

    Item Cost

    Freight charges for equipment $3,000

    Current year maintenance on equipment 1,500

    Testing of new equipment 800

    Installation of a concrete pad to support new equipment 1,200

    Installation of equipment 1,400

    Interest on the loan to purchase new equipment 5,000

    Indicate whether each item should be capitalized or expensed.

    1. Freight charges for equipment purchased for the factory. Capitalize

    2. Current year maintenance on equipment. Expense

    3. Testing of new equipment. ExpenseCapitalize

    4. Installation of a concrete pad to support new equipment. Capitalize

    5. Installation of equipment. Capitalize

    6. Interest on the loan to purchase new equipment. Expense

    Is testing of new eqipment Capitalize or expense?

    BEC Passed
    FAR Passed
    AUD Passed
    REG Passed

    May 28, 2014 at 5:40 pm #567005
    UHC2005
    Member

    I say capitalize because it is something that it getting the equipment ready for use.

    Using Ninja MCQ, NINJA Notes, Audio, Flashcards and BLITZ, and 2014 Wiley Text

    FAR - (61,63)
    AUD - (68)

    Keep Calm and RTMFQ

    Accountant, what is best in life? To crush your MCQs, see them driven before you, and hear the lamentation of their SIMS!

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