[Q3] FAR Study Group 2014 - Page 186

Viewing 15 replies - 2,776 through 2,790 (of 2,797 total)
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    Replies
  • #600297
    jstay
    Participant

    cpahopeful, i didnt get to them =/

    robert bentman- i have no idea, idk if there is a way

    #600298
    Anonymous
    Inactive

    All I know is the Ninja MCQ are much tougher than the WTB.

    #600299
    msbond28
    Participant

    I have officially started F1. I just pray I passed BEC.

    B Waiting
    A 76 -Ex. November 2014
    R 60, 68, 76
    F TBD

    Yeager, Ninja Flash, Becker, Wiley Test Bank.

    #600300
    pia ach
    Member

    On September 1, year 1, the Junction Company sold at 104 (plus accrued interest) 4,000 of its 9%, ten-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants; each warrant was for one share of common stock, at a specified option price of $15 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No market value can be determined for the bonds above. Interest is payable on December 1 and June 1. Junction Company has a December 31 fiscal year-end. Junction Company does not elect the fair value option for valuing its financial liabilities.

    What is the bond premium?

    Finally done!!! Experience-pending. Ethics- Pending.
    Reg 78 / 73/82.
    Aud 74/89.
    BEC 72 /78.
    FAR 74/ 73/ 82.

    #600301
    jstay
    Participant

    would it be 1,000?

    #600302
    CPA to be
    Member

    I just did MCQs for Government & NFP on Ninja MCQs and I totally bombed badly. Worse than the progress & practice test I did on Becker. Totally feel like a loser myself even before taking a real test. My test for FAR will be on 8/31 which is Sunday. I don't know where did I go wrong w my study. In the past 2 weeks off from work, I've been studying day & night till both my brain & arm are tired. What other approach I should use in reviewing for today & tomorrow before the exam?

    #600303
    jstay
    Participant

    cpa to be, SAME! out of the 2 30 question sets i did on ninja, only on gov/nfp, i got a 70 on the first and a 76 on the second.

    #600304
    Anonymous
    Inactive

    CPA to be,

    I feel your pain.

    I don't know, I just made a 73 on a Becker Progress test, after an 80 yesterday. I also made a 66 on a NINJA that knocked my trending down to 73.6.

    I was going to study SIMS, but now think I might take a nap and then go over them, or just do some more NINJA and hit my problem SIMS tomorrow morning, before exam. I really have no idea what I'm going to do, other than take a nap.

    I don't know what to tell you other than maybe get some rest and then think about it.

    #600305
    CPA to be
    Member

    I just got back from gym. I think I'm going to look at Govt & NFP tonight and just try to relax tomorrow. I have to drugged myself w Benadryl last night in order to fall asleep. I'm gonna try to go over the concepts & JEs as other says. I had already have a “WTH” moment when I did Ninja MCQs this morning. As what I've been reading, it seems like there re lots of calculation on the the test this week. So I'll go over the book tonight & tomorrow and ready to get over this beast on Sunday regardless of the outcome. Best of luck to us all!!!!

    #600306
    pia ach
    Member

    Jstay the answer Bond premium is 136000

    Cash 4250000 ( includes accruest interest)

    Cr. Bonds Payable 4000000

    Cr. Bond Premium 136000

    Cr. Apic-warrants 24000

    Cr.Accrued Interest 90000

    I had calculated just the excess from par ( 4*4000 shares) as the premium, the answer tells to deduct the warrants value too.

    Finally done!!! Experience-pending. Ethics- Pending.
    Reg 78 / 73/82.
    Aud 74/89.
    BEC 72 /78.
    FAR 74/ 73/ 82.

    #600307
    jstay
    Participant

    damn shoulda got that. i went back and re-read the question, stupid mistakes!!!!

    #600308
    pia ach
    Member

    Yea make sure you read the whole question before looking down to see the answers..i missed so many ques while review trying to run through the test..

    Finally done!!! Experience-pending. Ethics- Pending.
    Reg 78 / 73/82.
    Aud 74/89.
    BEC 72 /78.
    FAR 74/ 73/ 82.

    #600309
    jstay
    Participant

    yeah and also make sure you read all the answer choices too

    i think i may call it a night. maybe ill do 30 more mcq on gov in ninja. i have 87 left that i havent seen and my last score was a dismal 63 =///

    still trending at 77 though

    im going to look at my old gov/nfp notes that my teacher gave out then call it a night,

    tomorrow i may finish up the remaining govt questions in ninja and then ill jus review the book lightly.

    hopefully this all pays off

    good luck to everyone this weekend!

    #600310
    Anonymous
    Inactive

    I'm looking over bonds right now, so how exactly does accrued interest come in play with that problem?

    #600311
    jstay
    Participant

    it was issued on 9/1 and last interest payment was 6/1 so 3 months interest should be accrued

Viewing 15 replies - 2,776 through 2,790 (of 2,797 total)
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