[jeff]

NINJA Study Notes, Flashcards, and Audio: https://www.another71.com/products-page/

Wiley Software: https://www.another71.com/wiley-cpa-software/

[soccersam_27]

@jokami:

I THINK if you have start-up costs only, you deduct $5,000 and if you have organizational costs only you deduct $5,000. But if you have both organizational and start-up costs, they are considered one and you have one $5,000 immediate deduction that is reduced dollar-for-dollar of amount spent over $50,000.

Doesn't that make any sense to you? I haven't taken REG yet, so I don't know how it'll be treated on the exam, but that's what I'm taking from my studies with Kaplan!

BEC: 69, 78 (10/03/2013)
AUD: 62, 71, 84 (11/13/2013)
REG: 68, 78 (11/14/2012)
FAR: 77 (02/20/2014)

[Anonymous]

How is everyone doing? My summer study break is over and I'm starting REG on Monday.

CashMoney-you are on a roll…you're almost done! Congrats!

Jokami-My fellow BEC hater…how is REG going? When are you taking it?

[jokami]

@occersam_27

Thank you for your explanation… It makes more sense now. I had to call up my professor because it was really getting in my nerves, sometime writings can really mess your thoughts!!!!!!

He explained it; to consider that all of those costs go in ONE basket and you can automatically eliminate the $5k and the rest to amortize…

@cosmo_sippin_cpa

Yes… BEC hatterzzzzzz!!!!!! But you already passed it. So you should feel awesome… I still have to fight back that evil b!tch!!!!! (I think of BEC as that girl who took my first boyfriend, I still need to get my revenge) ji ji ji…

I am scheduled for REG next week, Aug 30. So pray for me to have a clear mind that day…

B - 62, 70, 72, 79!!!
A - 68, 81
R - 70, 82
F - 84

"The limit to your abilities is where you place them" - Fortune Cookies

[Anonymous]

EDIT: nevermind! found my answer

[love2passcpa]

Hello fellow CPA candidates:

I have my test for REG on next Thursday, please pray for me and wish my luck and give me some positive feedback to help me pass the test. Glod bless

FAR PASSED
BEC PASSED
REG PASSED
AUD PASSED

[jokami]

@love2passcpa

I am taking on Thursday too… I feel like I know nothing! It is so frustrating!!!!! Anyways best of luck to you!!!

B - 62, 70, 72, 79!!!
A - 68, 81
R - 70, 82
F - 84

"The limit to your abilities is where you place them" - Fortune Cookies

[Anonymous]

Good luck on Thursday Jokami! You will defeat BEC too….get your revenge!

[jokami]

@cosmo_sippin_cpa

Some way or another all the equations eventually neutralizes… So BEC will be defeated. For the moment REG is in my focus points. It will go down.

I am a 2012 CPA alumni!!!!!

B - 62, 70, 72, 79!!!
A - 68, 81
R - 70, 82
F - 84

"The limit to your abilities is where you place them" - Fortune Cookies

[splinter1643]

@love2passcpa Good luck! I'm taking mine next Friday right after you!

CPA license in progress....

[jokami]

Can someone explain me this one:

Green, Able and Holmes wish to form Able, L.P., and operate as a limited partnership. Under the provisions of the Uniform Limited partnership Act (2001), which of the following would NOT be required of Able, L.P.?

A – Designation of an agent for service of process.

B – Removal of Able's name from the partnership name if Able is a limited partner.

C – Delivery to the state of current annual reports.

D – Deliver to local filing offices of a certificate stating the name of the limited partnership, the name and the street and mailing address of each general partner, and, whether the limited partnership is a limited liability limited partnership.

B - 62, 70, 72, 79!!!
A - 68, 81
R - 70, 82
F - 84

"The limit to your abilities is where you place them" - Fortune Cookies

[jokami]

The answer is B

But isn't there a rule that if a limited partners' name is used in the name of the LP; he/she looses their limited partner's right, and therefore be considered a general partner?

So I think it would be required to not use the limited partners' name… I think all of the answers are wrong!!!!

B - 62, 70, 72, 79!!!
A - 68, 81
R - 70, 82
F - 84

"The limit to your abilities is where you place them" - Fortune Cookies

[ladyleo1]

I just took REG today and all I can say is shame on those SIMs. I just don't know how else to study them and now my wiley test bank sims aren't working not sure why. I can't get them to pop up.

I take AUD on Friday I need to beef up on my SIMS study.

[love2passcpa]

Hello every body:

I hope all are doing good on your studies . I was very tired today and after few hours of study closed the book and watched TV. I hope to be more productive tomorrow. You guys keep studying

Take care,

FAR PASSED
BEC PASSED
REG PASSED
AUD PASSED

[love2passcpa]

@splinter1643

Thank you for your kind words.

FAR PASSED
BEC PASSED
REG PASSED
AUD PASSED

[love2passcpa]

Ladies and Gentlemen:

I have to go to sleep and get ready for tomorrow.

God bless,

FAR PASSED
BEC PASSED
REG PASSED
AUD PASSED

[Author]

Replies