[Q3] REG Study Group 2014 - Page 39

Viewing 15 replies - 571 through 585 (of 1,445 total)
  • Author
    Replies
  • #591182
    NYCaccountant
    Participant

    @CPAMommyof3 I have the Ninja MCQ for Audit, and I just kept selecting Custom – questions not seen. I was able to see and do all of the questions that way.

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

    #591183
    Anonymous
    Inactive

    @NYC–That's what I'm doing, but someone said you didn't make it past the adaptive learning phase until you answered every single question right at least once. That will not happen if they keep adding questions! 🙂

    #591184
    yassy
    Member

    @CPAMommyof3 I feel like I will never get there either! I just scored a 63 D: maybe I should change my test date…

    FAR 75 (8/21/13)
    AUD 72 (10/29/13) 74 (2/12/14) 84! (04/01/14)
    BEC 75 (11/27/13)
    REG 72 (05/29/14) 74 (07/10/14) 86 and DONE! (10/02/14)

    #591185
    Anonymous
    Inactive

    I'm scoring in the 60s too. I can't change my date. I'm just going to keep going at the MCQ and going over my notes.

    #591186
    jeff
    Keymaster

    Announcing: 24 hour BOOM Promo with $1.00 NINJA Flashcards

    https://www.another71.com/cpa-exam-flashcards/

    Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

    #591187
    yassy
    Member

    @CPAMommyof3 I just tried to see if I could move mine a couple days out and there are no spots available at Prometric… so looks like I can't either! What's your date?

    FAR 75 (8/21/13)
    AUD 72 (10/29/13) 74 (2/12/14) 84! (04/01/14)
    BEC 75 (11/27/13)
    REG 72 (05/29/14) 74 (07/10/14) 86 and DONE! (10/02/14)

    #591188
    Amay
    Member

    Anyone else having trouble with NINJA MCQs tonight?

    BEC: 73, 81
    AUD: 85
    FAR: 71, 77
    REG: 74, 75...finally DONE! 😀

    *This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

    #591189
    Anonymous
    Inactive

    I am using Becker materials for REG, please is it possible to study and write the exam within a month

    #591190
    nigercpa
    Participant

    I was doing some MCQ on Ninja and got the question below. I answered D, but got it wrong and the correct answer is A. Can someone explain the reasoning behind the A answer. From what I have studied about contract, the acceptance must be sent using the same means used by the offeror if no medium is stated in the offer. What do you think?

    On July 1, Silk, Inc., sent Blue a telegram offering to sell Blue a building for $80,000. In the telegram, Silk stated that it would give Blue 30 days to accept the offer. On July 15, Blue sent Silk a telegram that included the following statement: “The price for your building seems too high. Would you consider taking $75,000?” This telegram was received by Silk on July 16. On July 19, Tint made an offer to Silk to purchase the building for $82,000. Upon learning of Tint’s offer, Blue, on July 27, sent Silk a signed letter agreeing to purchase the building for $80,000. This letter was received by Silk on July 29. However, Silk now refuses to sell Blue the building. If Blue commences an action against Silk for breach of contract, Blue will:

    A. win, because Blue effectively accepted Silk’s offer of July 1.

    B. win, because Silk was obligated to keep the offer open for the 30-day period.

    C. lose, because Blue sent the July 15 telegram.

    D. lose, because Blue used an unauthorized means of communication.

    Far - Passed 83
    Aud - Passed 84
    Bec - Passed 77
    Reg- Passed 77

    #591191
    Anonymous
    Inactive

    @yassy-I'm testing on 07/19.

    @Amay–I didn't have problems with the Ninja MCQ last night, but I stopped studying around 10:30


    @nigercpa
    –The acceptance only has to be done a certain way if stated so specifically in the offer. However, real estate always has to be done in writing in I'm correct. I think it's A because Blue agreed to the original offer before Silk responded to the counteroffer. Someone correct me if I'm wrong.

    #591192
    nigercpa
    Participant

    Thanks CPAMommyof3. Sometimes ago while studying contract I read that if the means of acceptance was not stated, that the acceptance should be sent using the same medium used by the offeror , in this case a telegram. Also, the counter offer from Blue came before the acceptance. His first response to the offer was for a reduced price and there was no indication that Silk accepted the counter offer. May be I am not giving it the same interpretation though.

    Far - Passed 83
    Aud - Passed 84
    Bec - Passed 77
    Reg- Passed 77

    #591193
    Anonymous
    Inactive

    I wonder if the “same medium” just means in writing vs oral instead of specifically meaning telegram vs letter. I don't know. Hopefully someone can provide a better explanation for why A is A because in looking back through it I may have chosen a different answer… It's not clear cut to me either.

    #591194
    nigercpa
    Participant

    Same medium “telegram versus letter”.

    Far - Passed 83
    Aud - Passed 84
    Bec - Passed 77
    Reg- Passed 77

    #591195
    MikeHoncho
    Member

    Definitely one of the tougher questions. I probably would have chose “C” thinking it was a counteroffer which terminated the original offer. I guess maybe the July 15th telegram isn't considered a counteroffer.

    Done: 5/22/14

    "Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut."
    - Ernest Hemingway

    #591196
    halfhoot
    Member

    I officially rescheduled my test for 8/2 this morning. I hate to make excuses, but I've had a lot of personal stuff going on and my MCQ scores have been so low. 🙁 Oh well.

    REG: July 14
    AUD: 2014
    BEC: 2015
    FAR: 2015

Viewing 15 replies - 571 through 585 (of 1,445 total)
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