[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

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

[jpowell31]

exactly…what am i missing in their explanation – how is it different from your example

thanks!

[jpowell31]

yes @hopefulycpa8 if there are tons and tons i may not go through them all on my first round through becker but i definitely do since sometimes they have lesser tested questions or formats in there that jog your brain differently. i skipped all of them on AUD first round at felt like “becker didn't prepare me for xyz!” like you see others here complain about. then i realized that the optional questions did cover them.

[HopefulCPA0601]

@jpowell – i think in that example they are saying that after they recorded a gain of 200 in apic for selling 100 shares, they then need to back out that gain in apic bc they sold the other 100 shares at a loss of 700. So i understand the debit to 200 apic – t/s.

maybe, and this is my understanding, but maybe they put the rest of the 500 in retained earnings just to relate to that amount, like of those 200 shares that they reissue they take back their gain previously booked and rest goes in retained earnings.

but i wonder if the example just had the last entry of reissue below cost then if the entry would be:

dr. cash 1,300

dr. apic 700

cr. treasury stock 2000

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

[jpowell31]

yeah like why wouldn't they have just CR APIC T-stock and CR APIC c/s…so that the full affect hit APIC as it was available.

[HopefulCPA0601]

right i agree with you!

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

[HopefulCPA0601]

where is everyone today?

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

[ahugemistake]

Taking a break for now, but I have been rewriting Jeffs NINJA notes all morning, not sure if they will help me any but I am half way done. Gonna practice JEs after that.

Took a practice exam last night, got 52% , could have been hired but an eliminating entries SIM killed me

FAR - 78*
AUD - 66, 79
REG - 73, 76
BEC - 79

[HopefulCPA0601]

thats good though!! you can review it and you'll be ready for the exam even more! did you do ninja practice exam or wiley?

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

[jpowell31]

i'm finishing equity next hour, then will take a break (to do laundry and listen to audio, hooray), then onto cashflow. any extra time i'll be rewriting notes and JE's as well. SIMs are so scary – you never know what you're going to get! 🙁 but that's not a terrible score remembering you have crucial cram time now and these practice exams are a bit more difficult i think to get you prepped.

[jpowell31]

@hopeful – i know i thought this was audit/tax slow season and that everyone would be sitting FAR now…it's the quietest i've ever seen this room!

[CPA50]

Studying with Ninja and Roger. Gotta nail done those elusive concepts and get a firm understanding – Bonds are coming along…finally!

AUD 88 (expired), 80 retake
FAR 64,69,67,73,67,73,73,73, August 3
REG 75 (expired) September 7
BEC 72, 77

The adventure continues...

[ahugemistake]

@hopeful, I'm doing the wileytb not sure if its any good or not, will find out on test day.

@jpowell I'm definitely giving it all this weekend. Still not sure if I should call in on monday, or cram some more at home.

FAR - 78*
AUD - 66, 79
REG - 73, 76
BEC - 79

[ahugemistake]

Do you guys know if the testing center will have a problem with a different address being on my exam application than on my drivers license?

FAR - 78*
AUD - 66, 79
REG - 73, 76
BEC - 79

[HopefulCPA0601]

my thought is call in monday, take the extra day to pass and you can make up for the work you missed the rest of the week.

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

[HopefulCPA0601]

You should call them, I dont think so because they really just look at your name but just call to make sure. Also look at your NTS that has full description, but I remember it just saying that the spelling of your name has to match exactly.

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

[Author]

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