[Q1] FAR Study Group 2014 - Page 241

Viewing 15 replies - 3,601 through 3,615 (of 3,728 total)
  • Author
    Replies
  • #529018
    stoleway
    Participant

    Hi everybody, I understand there is a commitment loss on the remaining portion of the contract which is

    $20,000 (200,000 × $.10)

    What about the parts that could be sold for scrap @ $.02 ?? I thought the ending inventory is 250,000 so it will be wise to multiply the ending inventory by the scrap cost= (250000 x .02)=$ 5000

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

    Mass-CPA

    #529051
    stoleway
    Participant

    Hi everybody, I understand there is a commitment loss on the remaining portion of the contract which is

    $20,000 (200,000 × $.10)

    What about the parts that could be sold for scrap @ $.02 ?? I thought the ending inventory is 250,000 so it will be wise to multiply the ending inventory by the scrap cost= (250000 x .02)=$ 5000

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

    Mass-CPA

    #529020
    smsingla
    Member

    But the question asks “What amount of probable loss from the PURCHASE COMMITMAENT should Card report in its Year 4 income statement?” Key word is purchase commitment

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

    #529053
    smsingla
    Member

    But the question asks “What amount of probable loss from the PURCHASE COMMITMAENT should Card report in its Year 4 income statement?” Key word is purchase commitment

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

    #529022
    Guti
    Participant

    Never mind what I said on my prior post about the 2013 release questions. That was based on a score I got on the first 15 questions. These questions are very tricky.

    FAR-84
    AUD-
    REG-
    BEC-

    #529055
    Guti
    Participant

    Never mind what I said on my prior post about the 2013 release questions. That was based on a score I got on the first 15 questions. These questions are very tricky.

    FAR-84
    AUD-
    REG-
    BEC-

    #529024
    lvr21
    Member

    Good luck to everyone else! I'm going to take some time off and get ready for round #2 in quarter #2 with FAR! It was sooo hard… …… Blah!!

    I hate that I know the test are suppose to get harder if you did well on the previous testlet!!!

    Have I mentioned I hate this journey? I'm going to stuff my face with fried food and any beverage that isn't water!!!

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

    #529057
    lvr21
    Member

    Good luck to everyone else! I'm going to take some time off and get ready for round #2 in quarter #2 with FAR! It was sooo hard… …… Blah!!

    I hate that I know the test are suppose to get harder if you did well on the previous testlet!!!

    Have I mentioned I hate this journey? I'm going to stuff my face with fried food and any beverage that isn't water!!!

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

    #529026

    Crossing my fingers for you lvr21!

    CR7, I'm learning as I go with questions 26-50 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

    #529059

    Crossing my fingers for you lvr21!

    CR7, I'm learning as I go with questions 26-50 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

    #529028
    KRina
    Member

    @ Tee congrats on your promotion. Goodluck to you and everyone else writing tomorrow. Y'all have a good nite sleep and don't saty up reading too late

    i am anxiously waiting for next friday and for the mean time, i am reading aicpa ethics book to take exam hoping i passed far.

    #529061
    KRina
    Member

    @ Tee congrats on your promotion. Goodluck to you and everyone else writing tomorrow. Y'all have a good nite sleep and don't saty up reading too late

    i am anxiously waiting for next friday and for the mean time, i am reading aicpa ethics book to take exam hoping i passed far.

    #529030
    Anonymous
    Inactive

    Lovely!

    I scored 44% on my practice (Becker's) Final Test. And I'm testing in less than 12 hours from now:(

    #529063
    Anonymous
    Inactive

    Lovely!

    I scored 44% on my practice (Becker's) Final Test. And I'm testing in less than 12 hours from now:(

    #529032

    @KRina, thanks! I'm happy about the position but not about the pay, hoping CPA license makes the difference 🙂

    Amor, don't worry about the score, just keep reviewing until you go to bed, rest well and go tackle that beast!

    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

Viewing 15 replies - 3,601 through 3,615 (of 3,728 total)
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