[jeff]

Welcome to the Q1 2017 CPA Exam Study Group for REG. 🙂

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

[aatoural]

I read and read that chapter and it just does not stick to me. I have serious issues with it.

@dtat – the new version of Becker change chapter 3 with chapter 4 now those are backwards.

BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS

[RE2PECT]

Has anyone tried the sims for SU 13 in Gleim? Wasn't expecting that one to be so tough! I need to work on installment and estimated tax payments.

FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
AUD: 73, 81
BEC: 71, retake 8/29
REG:

[HoosierCPA]

My first crack at 13 I got a 57.02 so apparently I thought it was difficult as well lol

FAR - 78
REG - 72,74,71...please just go away REG nobody likes you!
BEC - 82
AUD - Aug 16

[RE2PECT]

Makes me feel a little better about my 63 lol

FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
AUD: 73, 81
BEC: 71, retake 8/29
REG:

[HoosierCPA]

yeah it was my 2nd lowest score. I don't know what the heck went on with S Corps but my first try on that was a 27…which obviously was my lowest! haha

FAR - 78
REG - 72,74,71...please just go away REG nobody likes you!
BEC - 82
AUD - Aug 16

[aatoural]

My first try at 13 was 67.02%. Today I am supposed to re do that a second time. For S corp I got 61% the first time around. Need to do today the second round with it.

My best units have been 3, 6 and 9. All three of them got over 85% in the first try. My lowest was States and trusts I got a 46% on the first try and yesterday 68%. Does not seem to get much better.

Now Im trying to sneak in some of the new Becker mcqs for states and trust and I have gotten 14 out of 15 so far. Pfff, then GLEIM crushes me with their weird way of calculating DNI.

BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS

[RE2PECT]

EDIT: Tried posting a screenshot of my sims stats, but it looks like crap. I'll have to try it again when I get home.

FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
AUD: 73, 81
BEC: 71, retake 8/29
REG:

[aatoural]

@dtat – In Becker there is a new section called “skilled practice”. Im totally lost on that. It has a video and an example for you to do. Very weird.

BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS

[HoosierCPA]

@aa haven't seen that yet! Weird! I might take a peak at lunch to see what that's all about

FAR - 78
REG - 72,74,71...please just go away REG nobody likes you!
BEC - 82
AUD - Aug 16

[RE2PECT]

I started working on some trouble areas in Gleim using the adaptive learning and I'm getting crushed! It's like every other question is one of those ones that have no business being asked. Getting questions on conservation plans for farmers and all kinds of phaseouts that you can't possibly remember.

FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
AUD: 73, 81
BEC: 71, retake 8/29
REG:

[HoosierCPA]

on the new becker is there a way to pull up the ebook when you miss a question? I only see it taking you to the lecture.

FAR - 78
REG - 72,74,71...please just go away REG nobody likes you!
BEC - 82
AUD - Aug 16

[aatoural]

when is your exam @re2pect?

BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS

[aatoural]

@dtat – I haven't found it either.

BEC - PASSED
AUD - 8/29/16
FAR - TBS
REG - TBS

[EBRAHIM]

.

[HoosierCPA]

Dawson, Inc.'s warehouse (with an adjusted tax basis of $75,000) was destroyed by fire. The following
year, Dawson received insurance proceeds of $195,000 and acquired a new warehouse for $167,000.
Dawson elected to recognize the minimum gain possible. What is Dawson's basis in the new
warehouse?
A. $47,000
B. $75,000
C. $139,000
D. $167,000

Thought this was a fun one!

FAR - 78
REG - 72,74,71...please just go away REG nobody likes you!
BEC - 82
AUD - Aug 16

[Author]

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