[jeff]

FAR Resources:

Free FAR Notes & Audio – https://www.another71.com/cpa-exam-study-plan

FAR 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

FAR Score Release: https://www.another71.com/cpa-exam-scores-results-release

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Amay]

Same thing happens to me by the way…that is why when I am reading/reviewing something, I try to write anything, even if it's just a couple of bullet points so that I don't drift into space…or facebook :/

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Mel]

I'm getting close to the point where i can't continue. Just 20 more MCQs and a few more pages of notes and i can go to sleep feeling accomplished!

[Mel]

I'm getting close to the point where i can't continue. Just 20 more MCQs and a few more pages of notes and i can go to sleep feeling accomplished!

[Amay]

How do you know if a partnership question is asking for bonus method or goodwill method without any mention of the 2? Do you guys know if it's a goodwill question if the exam will specifically say if the partners have decided to recognize goodwill?

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Amay]

How do you know if a partnership question is asking for bonus method or goodwill method without any mention of the 2? Do you guys know if it's a goodwill question if the exam will specifically say if the partners have decided to recognize goodwill?

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[teeteenounouche]

Amay, can you please give an example? My notes state that goodwill is only recognized in an acquisition, business combination.

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[teeteenounouche]

Amay, can you please give an example? My notes state that goodwill is only recognized in an acquisition, business combination.

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[Anonymous]

The problem should mention if GW is recognized or bonus is given to either old or new partner.

[Anonymous]

The problem should mention if GW is recognized or bonus is given to either old or new partner.

[Mel]

Yes i agree with Amor because the partners have the option to choose either way so the questions HAS TO state which method is being used.

@teetee Look on page 71-72 of your Ninja notes, she's talking about when a new partner enters a partnership.

[Mel]

Yes i agree with Amor because the partners have the option to choose either way so the questions HAS TO state which method is being used.

@teetee Look on page 71-72 of your Ninja notes, she's talking about when a new partner enters a partnership.

[teeteenounouche]

Ok, I see thanks for clarifying…

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[teeteenounouche]

Ok, I see thanks for clarifying…

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[teeteenounouche]

I did have a MCQs like that and it specifically asked how much goodwill went to the old partner.

There are seriously too many topics in FAR…

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[teeteenounouche]

I did have a MCQs like that and it specifically asked how much goodwill went to the old partner.

There are seriously too many topics in FAR…

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[Author]

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