[jeff]

REG Resources:

Free REG Notes & Audio – https://www.another71.com/cpa-exam-study-plan

REG 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

REG Score Release: https://www.another71.com/cpa-exam-scores-results-release

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

[UCMCPA]

@mehwish

The % that should be applied is .0357 based on tables. So 56,000 x .0357 = 1,999.20

However, since you don't have the tables I'm assuming they are just factoring in the 2/7 for a FULL year depreciation under half year, THEN multiplying it by a 1/8 mid quarter since it was placed in service in the LAST quarter, or 12.5 percent.

56,0000 x (2/7 * 1/8) = 56,000 x .035714 = 1999.984.

FAR - 84
AUD - 94
REG - 86
BEC - 86

[Kenada]

Question 5 – Module 30 Wiley

Brenner Corp is trying to avoid bankruptcy but its four creditors are trying to force Brenner into bankruptcy. The Four credits are owed the following:-

Anteed Corporation – 7000 unsecured debt

Bounty Corporation – 5000 unsecured debt and 8500 secured debt

Courtney Corporation – 2000 unsecured debt

Dauntless Corporation – 1000 unsecured debt

Which of the creditors must sign the petition to force Brenner into Bankruptcy?

A Bounty

B At least Anteed and Bounty

C At least Bounty Courtney and Dauntless

D all four of them.

FAR 05/27/14; 786/110 - Done !

[Kenada]

Question 5 – Module 30 Wiley

Brenner Corp is trying to avoid bankruptcy but its four creditors are trying to force Brenner into bankruptcy. The Four credits are owed the following:-

Anteed Corporation – 7000 unsecured debt

Bounty Corporation – 5000 unsecured debt and 8500 secured debt

Courtney Corporation – 2000 unsecured debt

Dauntless Corporation – 1000 unsecured debt

Which of the creditors must sign the petition to force Brenner into Bankruptcy?

A Bounty

B At least Anteed and Bounty

C At least Bounty Courtney and Dauntless

D all four of them.

FAR 05/27/14; 786/110 - Done !

[UCMCPA]

all four? I believe the debt has to be unsecured..

FAR - 84
AUD - 94
REG - 86
BEC - 86

[UCMCPA]

all four? I believe the debt has to be unsecured..

FAR - 84
AUD - 94
REG - 86
BEC - 86

[Qlad]

@insiyah…i think B is the answer…bcoz unsecured shud total to $14425…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Qlad]

@insiyah…i think B is the answer…bcoz unsecured shud total to $14425…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Kenada]

Ok that's why it has to be all Four

Wiley Answer is D “Since there are fewer than 12 creditors it is only one creditor is needed to file the petition. However no one creditor owed at least 14,425.00 of unsecured debt” – That's why we need all four”

Got it ! Thank you

FAR 05/27/14; 786/110 - Done !

[Kenada]

Ok that's why it has to be all Four

Wiley Answer is D “Since there are fewer than 12 creditors it is only one creditor is needed to file the petition. However no one creditor owed at least 14,425.00 of unsecured debt” – That's why we need all four”

Got it ! Thank you

FAR 05/27/14; 786/110 - Done !

[smsingla]

@insiyah….answer should be D. All four of them. Because the rule that 3 or more creditors file bankruptcy if owed total of $14,425 in unsecured debts

REG 81
BEC 74,65,78
FAR 79
AUD 85 DONE!!!

[smsingla]

@insiyah….answer should be D. All four of them. Because the rule that 3 or more creditors file bankruptcy if owed total of $14,425 in unsecured debts

REG 81
BEC 74,65,78
FAR 79
AUD 85 DONE!!!

[Qlad]

oh ok…aggregate applies when more than 12 creditors…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Qlad]

oh ok…aggregate applies when more than 12 creditors…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Mehwish]

aggh,, macrs is so complicated.

Do they provide the tables?

[Mehwish]

aggh,, macrs is so complicated.

Do they provide the tables?

[Author]

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