[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

Post by Another71.

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

[Anonymous]

Like s2sylvir said there is a lot of speculation on what 2 research questions means

The most prevailant theory is 1 is the pretest question. (The one they are testing to see if people will get right before they actually use it for scoring purposes)

Other one is that it is random.

[NJPRU]

R8, can you please go away now?

Decided to take a half day at work tomorrow.. going to finish up R8 and start my review two days early.. giving me almost 3 weeks to review for REG. Hoping that's enough and that all the information finally sinks in and stays there this time!

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[canaanko]

@icandoit

I also got 2 research based questions. I know I got them right, but one was definitely harder than the other.

Either one is pre-tested or it's random.

[lauren725]

Does anyone have a good explanation or resource for S Corps on separately stated and non-separately states items on the 1120S? I understand how Schedule K flows to the shareholder K-1's but some of these questions are confusing on what is considered separately stated, etc. I think it may have to do with business income/expenses vs. other types on income (divs etc). but I am not certain.

Thanks!

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[lilbro2]

Ok Group, I passed audit, now studying for REG however, I am still an undergraduate and getting a degree in MAY 2015. So I will be studying for reg starting today little by little till I graduate.

How do you guys study for REG? I use CPAexcel and it cover first the ethics and responsibility, then Business law and then the Taxation. Should I start as the review is laid out?

AUD-01/19/15- PASSED! FIRST TRY
REG-05/28/15- PASSED! FIRST TRY
BEC-07/11/15- Scheduled
FAR-08/31/15- Not Scheduled

ALLAH HELP ME PASS THESE AWEFUL TESTS.

Quitting is NOT in my dictionary. I will rise one day as a proud CPA...

[Anonymous]

@Lilbro2, first, congratulations on passing AUD! That's awesome!

The lay out you described is great. Ethics, responsibility, BLAW, and taxation, wow! I wish I started REG in that order during my very first attempt.

The way Becker laid out their study materials for REG sucks. Tax, ethics, responsibilities, then BLAW.

It's like starting a new job, let's say a new-hire gets to start doing taxes in his first day at work without orientation or understanding the nature, rules, policies, and subsidiaries of the company. And at the end of the first day, the HR Manager says, “After you are done with the tax deadlines, at the end of your probationary period, we'll orient you about the company policies, ethics, and responsibilities.”

[Anonymous]

Does anyone know the percentage breakdown of questions in this section?

[lilbro2]

@armo D thank you. I will be studying about 15 hours per week and the three weeks of solid studying in May. I think I will have difficulty with corporate taxation but I will not let that affect me. I am going to need lots of hours for this section. Well here I m starting today.

AUD-01/19/15- PASSED! FIRST TRY
REG-05/28/15- PASSED! FIRST TRY
BEC-07/11/15- Scheduled
FAR-08/31/15- Not Scheduled

ALLAH HELP ME PASS THESE AWEFUL TESTS.

Quitting is NOT in my dictionary. I will rise one day as a proud CPA...

[Anonymous]

I am working on NINJA SIM #41 and I am wondering what the depreciable basis is for personal computer.

Buffy contributed 33,000 in cash and three personal computers that have an adj basis of 12,000. Is the depreciable basis 45,000 or 12,000?

[Anonymous]

The CSU partnership distributed to each partner cash of $4,000, inventory with a basis of $4,000 and a fair market value (FMV) of $6,000, and land with an adjusted basis of $5,000 and an FMV of $3,000 in a liquidating distribution. Partner Chang had an outside basis in Chang's partnership interest of $12,000. In the second year after receiving the liquidating distribution, Chang sold the inventory for $5,000 and the land for $3,000. What income must Chang report upon the sale of these assets?

a.

$0 ordinary gain and $1,000 capital loss.

b.

$1,000 ordinary gain and $1,000 capital loss.

c.

$1,000 ordinary gain and $0 capital loss.

d.

$0 gain or loss.

Why does the inventory get 4,000 basis allocated to it first?

[NJPRU]

Becker really really stinks at the Employee section in R8. Half the questions were not even covered in the reading! I'm starting to think that I'm really wasting my time with reading the chapter, and instead I should just take noted on the MCQs.

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[NJPRU]

@cpa I'm not sure why it would go first, just like when you have a liquidating distribution of cash and then property (the property would take the remainder of the basis)… since inventory is a hot asset you would have an ordinary gain (of 1 in this case).. the land took the rest of the basis of 4, sold for 3, capital loss of 1.

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[Anonymous]

Checking in. I just got home from taking BEC. I'm giving myself the weekend off and than I plan to start REG next week. I've got Becker and already bought NINJA MCQ when Jeff was running a 50% special. Plan is to take REG late April or early May (no reason to take it until I feel fully ready in my opinion).

My current plan is to take Becker out of order. One of my email friends is a Becker lecturer and he recommends starting with Business Law / Ethics and then do tax. His thought is that Business Law is more conceptual and will require less time in the “review phase.” He said that people who start with Tax end up having to go back and relearn a lot of it after BLaw. It made sense to me.

So any other recommendations keeping in mind that I haven't even cracked my book open just yet?

Thanks

[Gabe]

@NJ I absolutely hated how Becker did R8. It was so frustrating…so I ended up taking notes on the MCQs

CPA, CFE
CISA- Experience will be completed by August 2016

[Tncincy]

OMW….the seats are taken again…..I guess I can keep checking and jump in asap. There are earlier seats like 15th , 17th and etc. But none the 26,27, and 28. I am too scared to take it sooner than the 26th. Help…..:-((

It begins with a 75
Been here too long as a cheerleader....ready to pass

[Author]

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