[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]

@UCMCPA couple Qs for ya:

how did you keep all the different rules for IRA contributions (roth, traditional, coverdell, non-deductible) clear? I didn't

did you memorize the amounts for individual AMT? No

and did you memorize a lot of Circular 230 and SSTS? No, but you should.

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

[UCMCPA]

@UCMCPA couple Qs for ya:

how did you keep all the different rules for IRA contributions (roth, traditional, coverdell, non-deductible) clear? I didn't

did you memorize the amounts for individual AMT? No

and did you memorize a lot of Circular 230 and SSTS? No, but you should.

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

[Kenada]

Best of Luck Skier 🙂

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

[Kenada]

Best of Luck Skier 🙂

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

[Kenada]

Jason contracted to sell his business to Farr. Upon execution of the contract by Farr, he delivered a note in lieu of earnest money which recited the nature of the transaction and indicated that it was payable on the date of the closing which was to be determined by the mutual consent of the parties. The note is

a Nonnegotiable because of the recitation of the transaction which gave rise to it.

b Nonnegotiable because no consideration is given.

c Negotiable.

d Nonnegotiable since it is not payable at a definite time.

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

[Kenada]

Jason contracted to sell his business to Farr. Upon execution of the contract by Farr, he delivered a note in lieu of earnest money which recited the nature of the transaction and indicated that it was payable on the date of the closing which was to be determined by the mutual consent of the parties. The note is

a Nonnegotiable because of the recitation of the transaction which gave rise to it.

b Nonnegotiable because no consideration is given.

c Negotiable.

d Nonnegotiable since it is not payable at a definite time.

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

[UCMCPA]

D

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

[UCMCPA]

D

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

[smsingla]

I also think it is D

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

[smsingla]

I also think it is D

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

[Kenada]

Yes D

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

[Kenada]

Yes D

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

[Kenada]

On August 1, Titan wrote a personal check that was drawn on First Plymouth Bank and made payable to Brass. Brass, on August 2, presented the check to First Plymouth Bank for payment, which was refused. Who had primary liability on this check?

First Plymouth on August 1 but not on August 2.

First Plymouth on August 2 but not on August 1.

Titan on August 2 but not August 1.

No one on August 1 or August 2.

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

[Kenada]

On August 1, Titan wrote a personal check that was drawn on First Plymouth Bank and made payable to Brass. Brass, on August 2, presented the check to First Plymouth Bank for payment, which was refused. Who had primary liability on this check?

First Plymouth on August 1 but not on August 2.

First Plymouth on August 2 but not on August 1.

Titan on August 2 but not August 1.

No one on August 1 or August 2.

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

[Kenada]

On August 1, Titan wrote a personal check that was drawn on First Plymouth Bank and made payable to Brass. Brass, on August 2, presented the check to First Plymouth Bank for payment, which was refused. Who had primary liability on this check?

First Plymouth on August 1 but not on August 2.

First Plymouth on August 2 but not on August 1.

Titan on August 2 but not August 1.

No one on August 1 or August 2.

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

[Author]

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