[Q1] FAR Study Group 2014 - Page 204

Viewing 15 replies - 3,046 through 3,060 (of 3,728 total)
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  • #528497
    Anonymous
    Inactive

    On chapter three in FAR, Becker.

    I am confused on the available for sale questions. Securities were re-classified from trading to available for sale. I am given the fair value at the time of transaction as follows:

    Date of re-classification $150,000.00 12/31/2001

    6/30/2002 : $125,000.00

    12/31/2002: $100,000.00

    What should be reported in year 2 Income statement. I thought it would be the difference between year one and year 2 (loss of 50K) Yet the answer is saying this would be 25k (delta from 12/31/2001 and 6/30/2002).

    * These are not the amounts used in the equation.

    #528463
    Anonymous
    Inactive

    NM…got it when I looked at the next question.. It was converted on 6/30/2012. Yep…need to pay attention to the dates.

    #528499
    Anonymous
    Inactive

    NM…got it when I looked at the next question.. It was converted on 6/30/2012. Yep…need to pay attention to the dates.

    #528465

    Thanks for clarifying DLPratte, I have been going crazy trying to figure out how they got to that answer lmao

    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

    #528501

    Thanks for clarifying DLPratte, I have been going crazy trying to figure out how they got to that answer lmao

    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

    #528467
    Anonymous
    Inactive

    Anyone else know how hard it is to study with a 1 year old in your lap at 9:30 at night because they took a late nap? She's chewing on my pencil eraser, trying to write in my book, and playing with my calculator. Awesome.

    #528503
    Anonymous
    Inactive

    Anyone else know how hard it is to study with a 1 year old in your lap at 9:30 at night because they took a late nap? She's chewing on my pencil eraser, trying to write in my book, and playing with my calculator. Awesome.

    #528469
    lvr21
    Member

    @CPAMommy

    Well I have a two and a half year old in my lap right now! Saying.. look at my belly button.. momma what are you doing…. ABCDEF… A is for apple… Haha .. that's just what she has said in the last two seconds!

    AHH!

    {R: PASSED!! (I passed one!)}
    {B: PASSED!! (Halfway there!)}
    {F: PASSED!! (1 left!!!)}
    {A: PASSED(I am done!!)}

    #528505
    lvr21
    Member

    @CPAMommy

    Well I have a two and a half year old in my lap right now! Saying.. look at my belly button.. momma what are you doing…. ABCDEF… A is for apple… Haha .. that's just what she has said in the last two seconds!

    AHH!

    {R: PASSED!! (I passed one!)}
    {B: PASSED!! (Halfway there!)}
    {F: PASSED!! (1 left!!!)}
    {A: PASSED(I am done!!)}

    #528471

    Aww guys, too cute…I put a movie on for my son this afternoon so I could study while I pretended to watch lmao

    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

    #528506

    Aww guys, too cute…I put a movie on for my son this afternoon so I could study while I pretended to watch lmao

    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

    #528473
    Anonymous
    Inactive

    @IVR–I knew you would understand! I just laid her back down. We will see how it goes. Shame on me for letting her sleep so late, but it was nice to be able to play with the other 2 without her crawling around. They deserve some undivided attention too. Choices, choices….

    #528508
    Anonymous
    Inactive

    @IVR–I knew you would understand! I just laid her back down. We will see how it goes. Shame on me for letting her sleep so late, but it was nice to be able to play with the other 2 without her crawling around. They deserve some undivided attention too. Choices, choices….

    #528475
    smsingla
    Member

    I am taking my exam on 27th and I need a plan to study for next three days. I have done total of 3,586 MCQs in WTB and my cumulative score is 72%, done all AICPA released question for last 3 years, re-wrote Ninja notes. But the thing is I still don't feel prepared.

    What are you guys doing for your final reviews 3-4 days before your exam( most of us are taking either on 27 or 28th. right?)

    REG 81
    BEC 74,65,78
    FAR 79
    AUD 85 DONE!!!

    #528510
    smsingla
    Member

    I am taking my exam on 27th and I need a plan to study for next three days. I have done total of 3,586 MCQs in WTB and my cumulative score is 72%, done all AICPA released question for last 3 years, re-wrote Ninja notes. But the thing is I still don't feel prepared.

    What are you guys doing for your final reviews 3-4 days before your exam( most of us are taking either on 27 or 28th. right?)

    REG 81
    BEC 74,65,78
    FAR 79
    AUD 85 DONE!!!

Viewing 15 replies - 3,046 through 3,060 (of 3,728 total)
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