REG Study Group October November 2013 - Page 189

Viewing 15 replies - 2,821 through 2,835 (of 3,212 total)
1 2 3 … 188 189 190 … 213 214 215
  • Author
    Replies
  • November 9, 2013 at 9:24 pm #482065
    rlang10
    Participant

    Does anyone know if there is access in the sims to the forms in the AL? Might be nice to be able to look at a 1040 when given a sim on Schedule A for example…

    AUD 96 Progressively
    FAR 86 Getting
    BEC 79 Worse...
    REG 84 I can't believe I made it out alive!

    November 9, 2013 at 9:24 pm #482072
    rlang10
    Participant

    Does anyone know if there is access in the sims to the forms in the AL? Might be nice to be able to look at a 1040 when given a sim on Schedule A for example…

    AUD 96 Progressively
    FAR 86 Getting
    BEC 79 Worse...
    REG 84 I can't believe I made it out alive!

    November 9, 2013 at 10:24 pm #482067
    ZSRizvi
    Member

    Just started the 2014 version…what happened to the “Individual taxation-capital gains and losses” section in R1 (for all of you using Becker)?

    And LOL rlang at your signature. I feel like it's going to be the same for me. Started out high and then am going to fizzle out.

    BEC (July 2013)
    FAR (OCT 2013)
    REG (NOV 2013)
    AUD (JAN 2014)

    The CPA Exam is an opponent that not even the Fellowship of the Ring would want to come across.

    I have a long...long...journey ahead of me.

    November 9, 2013 at 10:24 pm #482074
    ZSRizvi
    Member

    Just started the 2014 version…what happened to the “Individual taxation-capital gains and losses” section in R1 (for all of you using Becker)?

    And LOL rlang at your signature. I feel like it's going to be the same for me. Started out high and then am going to fizzle out.

    BEC (July 2013)
    FAR (OCT 2013)
    REG (NOV 2013)
    AUD (JAN 2014)

    The CPA Exam is an opponent that not even the Fellowship of the Ring would want to come across.

    I have a long...long...journey ahead of me.

    November 11, 2013 at 6:08 pm #482069
    stephk919
    Participant

    Hey everyone..

    I just took BEC this morning (was brutal) and scheduled REG for Dec. 5th. Do you think it's realistic to finish studying for this part in 4 weeks – working full-time ?

    I plan on putting in about between 25-30 hours a week. I would push it back but my AUD expires in March so I have to try to get in as much as I can in these next few months and take FAR in January/February – during busy season 🙁

    Any advice would be highly appreciated. I am using Becker Self Study and Wiley Test Bank

    AUD - 83!! July 2012 (Expired), July 8 2014... waiting and waiting...
    REG - October/November 2014
    FAR - Late August 2014
    BEC - 82 !!! Nov. 2013

    Using Becker Self Study and Wiley Test Bank

    November 11, 2013 at 6:08 pm #482076
    stephk919
    Participant

    Hey everyone..

    I just took BEC this morning (was brutal) and scheduled REG for Dec. 5th. Do you think it's realistic to finish studying for this part in 4 weeks – working full-time ?

    I plan on putting in about between 25-30 hours a week. I would push it back but my AUD expires in March so I have to try to get in as much as I can in these next few months and take FAR in January/February – during busy season 🙁

    Any advice would be highly appreciated. I am using Becker Self Study and Wiley Test Bank

    AUD - 83!! July 2012 (Expired), July 8 2014... waiting and waiting...
    REG - October/November 2014
    FAR - Late August 2014
    BEC - 82 !!! Nov. 2013

    Using Becker Self Study and Wiley Test Bank

    November 12, 2013 at 4:24 pm #482071
    teeteenounouche
    Member

    21/2 weeks and counting…my scores are going up on practice exams in WTB…I will feel better when they are in the 85-95% range…going to churn the MCQ out tonight

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    November 12, 2013 at 4:24 pm #482078
    teeteenounouche
    Member

    21/2 weeks and counting…my scores are going up on practice exams in WTB…I will feel better when they are in the 85-95% range…going to churn the MCQ out tonight

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    November 12, 2013 at 4:26 pm #482073
    teeteenounouche
    Member

    @stephk919 You might as well go for it! If there's any chance of passing, you have to try 🙂 work those MCQ in WTB for sure.

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    November 12, 2013 at 4:26 pm #482080
    teeteenounouche
    Member

    @stephk919 You might as well go for it! If there's any chance of passing, you have to try 🙂 work those MCQ in WTB for sure.

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    November 12, 2013 at 5:50 pm #482075
    jessica8926
    Participant

    Ok I am studying with Becker and they posed a question about Limited Liability and an answer which makes no sense. So anyone who has experience with this could you please explain this to me:

    Juan is a limited partner in Pet Food and Fun, Limited Partnership. Juan visited Chow, Inc., a local supplier of dog food claiming to be a “partner” in the partnership and negotiated a distribution contract between the supplier and limited partnership on behalf of the partnership.

    As result of these actions, Juan:

    A) Has limited liability as a limited partner to all creditors except Chow, Inc.

    B) None of the above

    C) Has limited liability as a limited partner in reference to all creditors

    D) Has full personal liability to all creditors

    Answer: A is correct

    Rule: A limited partner will be considered a general partner with full personal liability only to those that the limited partner transacts with as if he were a general partner.

    PLEASE HELP! Thank you!

    AUD - 69, 77
    REG - 74, 81
    FAR - 75!
    BEC - 71, 82

    IL candidate!

    Finally done (5/24/16)!! Yahooooooo!

    November 12, 2013 at 5:50 pm #482082
    jessica8926
    Participant

    Ok I am studying with Becker and they posed a question about Limited Liability and an answer which makes no sense. So anyone who has experience with this could you please explain this to me:

    Juan is a limited partner in Pet Food and Fun, Limited Partnership. Juan visited Chow, Inc., a local supplier of dog food claiming to be a “partner” in the partnership and negotiated a distribution contract between the supplier and limited partnership on behalf of the partnership.

    As result of these actions, Juan:

    A) Has limited liability as a limited partner to all creditors except Chow, Inc.

    B) None of the above

    C) Has limited liability as a limited partner in reference to all creditors

    D) Has full personal liability to all creditors

    Answer: A is correct

    Rule: A limited partner will be considered a general partner with full personal liability only to those that the limited partner transacts with as if he were a general partner.

    PLEASE HELP! Thank you!

    AUD - 69, 77
    REG - 74, 81
    FAR - 75!
    BEC - 71, 82

    IL candidate!

    Finally done (5/24/16)!! Yahooooooo!

    November 12, 2013 at 5:57 pm #482077
    holycow_75
    Member

    jessica8926

    If Juan is a limited partner, he only has limited liability to all creditors (unless he transacts business with a creditor like he did with Chow). Then, he is personally liable for for the debt to Chow since he acted as a General Partner, and had apparent authority to contract with Chow based on his representation.

    So, answer A seems correct to me. He still has limited liability to all OTHER creditors. But opened himself up to full liability with ONLY Chow, through is actions negotiating the distribution agreement.

    AUD - 82 (10/13)
    REG - 84 (11/13)
    BEC - 91 (2/14)
    FAR - 81 (4/14)
    (Wiley, WTB, Ninja Blitz)

    I'm DONE!!!! Thanks Jeff & all the Ninjas out there who answered questions & encouraged me along the way!

    November 12, 2013 at 5:57 pm #482084
    holycow_75
    Member

    jessica8926

    If Juan is a limited partner, he only has limited liability to all creditors (unless he transacts business with a creditor like he did with Chow). Then, he is personally liable for for the debt to Chow since he acted as a General Partner, and had apparent authority to contract with Chow based on his representation.

    So, answer A seems correct to me. He still has limited liability to all OTHER creditors. But opened himself up to full liability with ONLY Chow, through is actions negotiating the distribution agreement.

    AUD - 82 (10/13)
    REG - 84 (11/13)
    BEC - 91 (2/14)
    FAR - 81 (4/14)
    (Wiley, WTB, Ninja Blitz)

    I'm DONE!!!! Thanks Jeff & all the Ninjas out there who answered questions & encouraged me along the way!

    November 12, 2013 at 5:59 pm #482079
    NYCaccountant
    Participant

    Limited partners cannot be agents of the partnership and therefore cannot bind the partnership to agreements with creditors. Also, by entering to the agreement, Juan basically gave up his limited liability and is now personally liable for the debt. Limited partners cannot take an active role in managing the business, or else they lose there protection of limited liability. They must remain passive when it comes to the management aspect of the partnership.

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

  • Author
    Replies
Viewing 15 replies - 2,821 through 2,835 (of 3,212 total)
1 2 3 … 188 189 190 … 213 214 215
  • The topic ‘REG Study Group October November 2013 - Page 189’ is closed to new replies.