How important is Bankruptcy in REG

  • Creator
    Topic
  • #172474
    Manuelo
    Member

    I’m writing the test in a week. I haven’t studied Bankruptcy yet (Chapter 7 and 11) or CPA liability. I hate Business law and don’t want to study for either topics!! How many questions from Bankruptcy, you think, will come on the exam? If only a few might appear, then I don’t want to put in the effort, but I might just go over CPA liability.

    FTR, I’ve studied Contracts, UCC Sales, Commercial Paper, Secured Transactions, Suretyship, and Agency.

Viewing 3 replies - 1 through 3 (of 3 total)
  • Author
    Replies
  • #356002
    jeff
    Keymaster

    **marketing alert** … the NINJA REG Notes cover everything you need to know in 10 pages…they're easy to digest bullet points.

    The “little” things you hate and don't want to study will add up on exam day.

    #356003
    Marivy22
    Participant

    Cosidering that REG is all about details………..don't skip any topic. At least read it once, you don't have to be an expert.

    Done 😉
    Class of 2012!!!!
    Lots of prayers and hard work....

    #356004
    Manuelo
    Member

    Thanks! I just bought one.

    I noticed something in there I'm confused about. Section 179 Ninja notes says “500,000 Max Deduction on purchases up to $2M”

    I thought the maximum allowable deduction was $125,000 on purchases up to $500,000?

    If not, what is the $125,000 referring to?

Viewing 3 replies - 1 through 3 (of 3 total)
  • The topic ‘How important is Bankruptcy in REG’ is closed to new replies.