FAR Study Group Q1 2017 - Page 74

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  • February 10, 2017 at 9:43 am #1475365
    aatoural
    Participant

    I had that issue when I first started but with my iPad. I does not sync at all. So what I do is I launch Becker in Safari either on my phone or my iPad and use it that way. Not great for calculations mcqs or SIMS but works perfect for Lectures. I think the new version is doing better thu.

    BEC - PASSED
    AUD - PASSED
    REG - PASSED
    FAR - PASSED

    BEC - PASSED
    AUD - 8/29/16
    FAR - TBS
    REG - TBS

    February 10, 2017 at 10:41 am #1475394
    Holly
    Participant

    Well that's 💩

    AUD - 76
    BEC - 82
    FAR - 82
    REG - 86
    Becker & Ninja MCQ

     

     

     

    BEC - 79
    REG - 85
    AUD - 5/27/16

    February 10, 2017 at 11:29 am #1475416
    aatoural
    Participant

    ROFL How do you make the poopy face? with the phone keyboard?

    BEC - PASSED
    AUD - PASSED
    REG - PASSED
    FAR - PASSED

    BEC - PASSED
    AUD - 8/29/16
    FAR - TBS
    REG - TBS

    February 10, 2017 at 11:35 am #1475424
    Holly
    Participant

    I copied and pasted

    AUD - 76
    BEC - 82
    FAR - 82
    REG - 86
    Becker & Ninja MCQ

     

     

     

    BEC - 79
    REG - 85
    AUD - 5/27/16

    February 10, 2017 at 11:50 am #1475443
    Holly
    Participant

    How do y'all know which gain (restructuring, disposal) they're asking for when doing troubled debt restructuring questions when they ask for the gain on the income statement?

    AUD - 76
    BEC - 82
    FAR - 82
    REG - 86
    Becker & Ninja MCQ

     

     

     

    BEC - 79
    REG - 85
    AUD - 5/27/16

    February 10, 2017 at 3:01 pm #1475605
    mtaylo24
    Participant

    A71 is super emoji friendly 💩👽🤐😷🤑😎💯💯💯

    CPA (2017)

    REG:  75

    BEC:  76

    FAR:  77

    AUD: 78

     

    CMA (2019)

    P1: 380

    P2: 360

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    February 10, 2017 at 5:31 pm #1475662
    Cjsr
    Participant

    I want a green visor emoji.

    BEC Jan 2016 83 Becker FastPass
    REG Jan 2016 83
    AUD May 2016 92
    FAR Jul 2016 74
    FAR Mar 2017. 91 Becker book + NINJA 10-point combo

    BEC. 83. 9 Jan 2016
    REG. 83. 30 Jan 2016
    AUD. 92. 27 May 2016

    Becker FastPass with in-class videos

    February 10, 2017 at 7:30 pm #1475718
    monicasanta
    Participant

    @HRSexton

    I am asking about Becker F6 pension sim set 1, #3

    We have a overfunded pension plan end of last year(beg of this year), and it becomes underfunded end of this year.

    Becker uses the beginning funded status to determine the JE. The JE to record pension cost is by using “Pension benefit ASSET”, rather than liability….

    Anyone can help? should we use the beg or ending funded status for Net pension cost JE?

    February 10, 2017 at 8:02 pm #1475730
    wkh1
    Participant

    I would appreciated if someone can solve this problem for me.. thank you

    The following condensed balance sheet is presented for the partnership of Alfa and Beda, who share profits and losses in the ratio of 60:40, respectively

    Cash $ 45,000
    other assets 625,000
    Beda, loan 30000
    $700,000
    Accounts payable 120,000
    Alfa, Capital 348000
    Beda, Capital 232000
    700,000
    in stead of admitting a new partner, Alfa and Beda decide to liquidate the partnership.If the other assets are sold for $500,000, what amount of the available cash should be distributed to Alfa?

    I am lost with this one, much appreciate!!!!!!!

    i am trying my best to work hard on the crazy CPA Exam 🙂
    February 10, 2017 at 8:50 pm #1475746
    Sticky Nicky
    Participant

    @wkh1 i believe the answer is $273,000…Let me know if i am right or not…heres how ($625k-500k=$125k loss) $125k*60%=$75k loss allocated to Alfa's capital..($348-75=273)

    AUD - 87
    BEC - 85
    FAR - 88
    REG - 80
     

     

    February 10, 2017 at 8:54 pm #1475748
    Mscfisher
    Participant

    @wkh1…I'll take a stab at it.
    I know they have to share in the loss on sale. So the 125 loss is split 60 to alfa and 40 to beda. So that is 75000 subtracted from the 348 capital account.
    Next u have the 500+45 available. You have to pay the creditors the 120 so now you have 445. And then the 30000 loan so now u have 415 remaining. This is not enough to cover the amounts owed to alfa and beda. I'm not sure what's next….

    AUD - 77
    BEC - 83
    FAR - NINJA in Training
    REG - 83

    Luck is when when preparation meets opportunity

    February 10, 2017 at 8:57 pm #1475749
    Sticky Nicky
    Participant

    nooooo u the loan is an asset not a liability

    AUD - 87
    BEC - 85
    FAR - 88
    REG - 80
     

     

    February 10, 2017 at 8:58 pm #1475751
    Sticky Nicky
    Participant

    the loan would reduce B's capital account by the full amount

    AUD - 87
    BEC - 85
    FAR - 88
    REG - 80
     

     

    February 10, 2017 at 9:04 pm #1475752
    Sticky Nicky
    Participant

    remember Assets=Liabilities+Equity…Therefore if the partnership liquidated everything at book value it would have exactly enough cash to cover all liabilities and capital accounts,,,so when there is a loss all u need to do is allocate that to the partners and your done,,,forget about the liability, cash, and receivable its irrelevant

    AUD - 87
    BEC - 85
    FAR - 88
    REG - 80
     

     

    February 10, 2017 at 9:38 pm #1475775
    Mscfisher
    Participant

    Ah! Yes you're right

    AUD - 77
    BEC - 83
    FAR - NINJA in Training
    REG - 83

    Luck is when when preparation meets opportunity

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