[Q2] FAR Study Group 2014 - Page 432

  • Creator
    Topic
  • #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 - 6,466 through 6,480 (of 6,668 total)
  • Author
    Replies
  • #567036

    There you go anna…Gracias

    BEC Passed
    FAR Passed
    AUD Passed
    REG Passed

    #567037
    Anonymous
    Inactive

    willpassby2014, that's a lot of words!

    #567038
    Guti
    Participant

    willpassby2014, thanks, none of the becker questions had this requirement. Not even the final exam.

    FAR-84
    AUD-
    REG-
    BEC-

    #567039
    stoleway
    Participant

    Assuming constant inventory quantities, which of the following inventory-costing methods will produce a lower inventory turnover ratio in an inflationary economy?

    A. Weighted average.

    B. Moving average.

    C. LIFO (last-in, first-out).

    D. FIFO (first-in, first-out).

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

    Mass-CPA

    #567040
    Anonymous
    Inactive

    FIFO?

    never heard of moving average (or totally forgot)

    #567041
    Anonymous
    Inactive
    #567042
    NJPRU
    Member

    its FIFO

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

    IM GOING TO BE A CPA!!!!!

    #567043
    Mamabear
    Member

    Moving average is the cost flow method for a perpetual inventory system. The cost is recalculated everytime goods are purchased.

    Weighted average is for a periodic system.

    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!!

    #567044
    stoleway
    Participant

    fifo is correct

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

    Mass-CPA

    #567045
    stoleway
    Participant

    Which of the following transactions qualifies as a discontinued operation?

    A. Disposal of part of a line of business.

    B. Changes related to technological improvements.

    C. Planned and approved sale of a segment.

    D. Phasing out of a production line.

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

    Mass-CPA

    #567046
    Anonymous
    Inactive

    Oh i see thanks Mamabear!

    #567047
    Anonymous
    Inactive

    C. Planned and approved sale of a segment? I recall from aud class

    #567048

    Anna when are u giving your exams…..Mine on friday

    BEC Passed
    FAR Passed
    AUD Passed
    REG Passed

    #567049
    Anonymous
    Inactive

    willpassby2014, in august, actually 🙂

    Good luck with your exam!

    #567050
    stoleway
    Participant

    C is correct

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

    Mass-CPA

Viewing 15 replies - 6,466 through 6,480 (of 6,668 total)
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