Had a weird SIM. Is there a chance it’s a pretest?

  • Creator
    Topic
  • #3081828
    ACCRUAL_WORLD
    Participant

    It said someone sold a car and told me to calculate gain. It didn’t say how much the car sold for tho. I looked the question about multiple times and it definitely didn’t tell me the selling price. It was weird and freaked me out. Is there a good chance this sim was the pretest one?

Viewing 4 replies - 1 through 4 (of 4 total)
  • Author
    Replies
  • #3082158
    Recked
    Participant

    Are you sure the car selling price wasn't hidden some where in the source documents?
    They have a way of hiding things in plain sight. It could be a mistake, or pretest, but that's sort fo a big mistake for a CPA exam.
    My guess is that it was somewhere in the attached docs and you might have missed it.

    #3082335
    water
    Participant

    Was likely pre-test.

    #3082464
    ACCRUAL_WORLD
    Participant

    @Recked Yeah you're probably right πŸ™ I did look everything over but i was running low on time and anxious so maybe i missed something πŸ™



    @water
    omg I just put in zeros because I had no clue what was going on lol Now i'm getting hopeful πŸ™‚ I really hope you're right!

    #3087738
    Key
    Participant

    I had that same one and hoping it wasn't a pretest lol He is right, its a personal use asset so there is no gain. It was LTCG or STCG. It was NA

Viewing 4 replies - 1 through 4 (of 4 total)
  • The topic ‘Had a weird SIM. Is there a chance it’s a pretest?’ is closed to new replies.