[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

[stokey45]

Well Guys~

I have my REG exam on October 4th. Less than one week left. I am using the Becker Review and am doing progress tests on each of the chapters. I am very grateful because it FINALLY seems like the information is coming together for me. I am scoring pretty well on the progress tests but when I take another test undoubtedly I will get at least one repeat question sometimes more. That does help to boost my score but I really would prefer not to get a good score because I just saw the same question earlier today. Has anyone else experienced this and did you do anything to change it?

[Kenada]

Oh Lord..

Ok. So one of the rules is that if the amount is over $ 500.00 then it has to be in Writing and not oral for it be a valid contract. I think might be C zero. I am not sure.

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

[Kenada]

Oh Lord..

Ok. So one of the rules is that if the amount is over $ 500.00 then it has to be in Writing and not oral for it be a valid contract. I think might be C zero. I am not sure.

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

[Kenada]

Stokey45 – I don't use Becker but isn't there an option to say select question not seen before ?

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

[Kenada]

Stokey45 – I don't use Becker but isn't there an option to say select question not seen before ?

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

[Anonymous]

Qlad…is it D? I think that B would have to give new consideration (assuming A is not a merchant) and the modification would have to be in writing because it is over $500. Since that wasn't done B is only responsible for original amount.

[Anonymous]

Qlad…is it D? I think that B would have to give new consideration (assuming A is not a merchant) and the modification would have to be in writing because it is over $500. Since that wasn't done B is only responsible for original amount.

[Jennifer241]

@Qlad

Before Fire FMV 200,000

After fire FMV (180,000)

Casualty Loss 20,000

The homeowners property after the repairs were done had a FMV of 180,000, when before the fire it was worth 200,000. Therefore, even after the repairs to fix the fire occurred, a casualty loss still exists due to the FMV decrease to the homeowner.

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[Jennifer241]

@Qlad

Before Fire FMV 200,000

After fire FMV (180,000)

Casualty Loss 20,000

The homeowners property after the repairs were done had a FMV of 180,000, when before the fire it was worth 200,000. Therefore, even after the repairs to fix the fire occurred, a casualty loss still exists due to the FMV decrease to the homeowner.

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[Kenada]

Oh Yes i re-read the question and I think its D as well. Since can be liable for the Original contact that was oral and under 450.00

The new would have to be in writing for it to be effective for B to pay A the 650.00

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

[Kenada]

Oh Yes i re-read the question and I think its D as well. Since can be liable for the Original contact that was oral and under 450.00

The new would have to be in writing for it to be effective for B to pay A the 650.00

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

[stoleway]

Some of these questions are so vague, but this is my understanding, if B has already paid $450 , then A can still recover the rest which is $200 because there was performance. If B hasnt paid anything at all then A is entitled to recover the full amount which is $650.

I think this question wants the full amount so I will change my choice to B.

Subsequent oral modifications to some contracts are enforceable.

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[stoleway]

Some of these questions are so vague, but this is my understanding, if B has already paid $450 , then A can still recover the rest which is $200 because there was performance. If B hasnt paid anything at all then A is entitled to recover the full amount which is $650.

I think this question wants the full amount so I will change my choice to B.

Subsequent oral modifications to some contracts are enforceable.

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Qlad]

Well guys …what shud I say LOL….the answer is B. bcoz it was a service and not goods …so $500threshhold does not apply….and he can not win under statute of frauds for the same reason…

@stoleway…u were almost there…just the asked how much he recover…not how much ADDITIONAL he will recover..

…..but that is good start to make us strong on Blaw…let's try some more….

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

[Qlad]

Well guys …what shud I say LOL….the answer is B. bcoz it was a service and not goods …so $500threshhold does not apply….and he can not win under statute of frauds for the same reason…

@stoleway…u were almost there…just the asked how much he recover…not how much ADDITIONAL he will recover..

…..but that is good start to make us strong on Blaw…let's try some more….

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

[Author]

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