FAR Study Group October November 2013 - Page 80

  • This topic has 1,757 replies, 131 voices, and was last updated 12 years ago by FAR Study Group MCQ’s.
Viewing 15 replies - 1,186 through 1,200 (of 1,757 total)
1 2 3 … 79 80 81 … 116 117 118
  • Author
    Replies
  • October 7, 2013 at 6:25 pm #477181
    NYCaccountant
    Participant

    @ Monir divide the current cost by the base + Inflation. You have to deflate the current costs to base year numbers and then you can tell whats old inventory and whats new inventory. So for example, at the end of year two, your current costs is 128,400. We have to deflate that so 128,400/1.07=120,000. Now we know we ended the first year with 100,000, so the extra 20,000 must be a new layer. We have to adjust the 20,000 for inflation and then add it back. 20,000*1.07=21,400

    21,400+100,000=121,400 lifo at the end of year 2.

    Now we deflate year 3 – 145,000/1.25=116,000. We know that 100,000 is from the first year, 20,000 was from the second year, but we sold some of that inventory (lifo liquidation). So we just add back inflation on the 16,000 left (16,000*1.07=17,120) 100,000+17,120 = 117,120!

    FAR - 93
    REG - 87
    BEC - 84!!!!
    AUD - 99!!!!!! CPA exam complete.

    October 7, 2013 at 6:59 pm #477113
    Monir
    Member

    @ NYC, Thank you !! It's very nice of you since you already took to the exam and still hanging on this forum.

    October 7, 2013 at 6:59 pm #477183
    Monir
    Member

    @ NYC, Thank you !! It's very nice of you since you already took to the exam and still hanging on this forum.

    October 7, 2013 at 7:07 pm #477115
    Anonymous
    Inactive

    NYC, OK, so I have to confess to a “senior moment”… I just went back through the whole “AUD exam experience thread” looking for my post to see if I noted where the testlets got harder, and then I rmembered I didn't even find A71 until when scores for that exam were released, so obviously I didn't post when I took my test. Senility at 43 is a terrible thing…

    October 7, 2013 at 7:07 pm #477185
    Anonymous
    Inactive

    NYC, OK, so I have to confess to a “senior moment”… I just went back through the whole “AUD exam experience thread” looking for my post to see if I noted where the testlets got harder, and then I rmembered I didn't even find A71 until when scores for that exam were released, so obviously I didn't post when I took my test. Senility at 43 is a terrible thing…

    October 7, 2013 at 7:11 pm #477117
    NYCaccountant
    Participant

    lol it's ok DJN. I appreciate the help.

    @ Monir No problem. Since I signed on to ask a question, I might as well answered one while i'm at it lol.

    FAR - 93
    REG - 87
    BEC - 84!!!!
    AUD - 99!!!!!! CPA exam complete.

    October 7, 2013 at 7:11 pm #477187
    NYCaccountant
    Participant

    lol it's ok DJN. I appreciate the help.

    @ Monir No problem. Since I signed on to ask a question, I might as well answered one while i'm at it lol.

    FAR - 93
    REG - 87
    BEC - 84!!!!
    AUD - 99!!!!!! CPA exam complete.

    October 7, 2013 at 8:26 pm #477119
    Ib
    Participant

    Hello everyone, I have been experiencing problems with simulations in Wiley online CPATest bank. When I choose my answers and try to click done button. It does not respond. The done button is non-responsive. I tried Wiley technical help and even they could not help me after wasting many hours of my time. Now they will ask there Developers. This is insane. I am just wondering If anyone out there is having a similar problem? Please share your views.

    FAR 79
    AUD 87
    BEC 78
    REG 08/31/2016

    October 7, 2013 at 8:26 pm #477189
    Ib
    Participant

    Hello everyone, I have been experiencing problems with simulations in Wiley online CPATest bank. When I choose my answers and try to click done button. It does not respond. The done button is non-responsive. I tried Wiley technical help and even they could not help me after wasting many hours of my time. Now they will ask there Developers. This is insane. I am just wondering If anyone out there is having a similar problem? Please share your views.

    FAR 79
    AUD 87
    BEC 78
    REG 08/31/2016

    October 7, 2013 at 9:25 pm #477121
    Anonymous
    Inactive

    “@ NYC, Thank you !! It's very nice of you since you already took to the exam and still hanging on this forum.”

    I agree, you've really been great answering so many questions. Thank you again!

    October 7, 2013 at 9:25 pm #477191
    Anonymous
    Inactive

    “@ NYC, Thank you !! It's very nice of you since you already took to the exam and still hanging on this forum.”

    I agree, you've really been great answering so many questions. Thank you again!

    October 7, 2013 at 9:38 pm #477123
    iwantmylifeback_
    Member

    What kind of computer are you using? Mac?

    BEC 85
    AUD 99
    REG 88
    FAR 93

    October 7, 2013 at 9:38 pm #477193
    iwantmylifeback_
    Member

    What kind of computer are you using? Mac?

    BEC 85
    AUD 99
    REG 88
    FAR 93

    October 7, 2013 at 9:44 pm #477127
    Ib
    Participant

    Using microsoft windows 7

    FAR 79
    AUD 87
    BEC 78
    REG 08/31/2016

    October 7, 2013 at 9:44 pm #477197
    Ib
    Participant

    Using microsoft windows 7

    FAR 79
    AUD 87
    BEC 78
    REG 08/31/2016

  • Author
    Replies
Viewing 15 replies - 1,186 through 1,200 (of 1,757 total)
1 2 3 … 79 80 81 … 116 117 118
  • The topic ‘FAR Study Group October November 2013 - Page 80’ is closed to new replies.