[jeff]

Welcome to the Q2 2016 CPA Exam Study Group for REG.

Some BLITZ videos to help your exams: https://www.another71.com/ninja-blitz

[Anonymous]

Good Luck Bear-Bear – Sending good thoughts your way – whichever way that is. 🙂

[Anonymous]

Good Luck Bear-Bear – Sending good thoughts your way – whichever way that is. 🙂

[CPA2BEE]

@Just3 that is insane. Aren't B and D literally equally true? Mind is blown. Unless there is an explanation for why D is wrong?

@Bear good luck tomorrow! Give em hell

FAR - 80
AUD - 82
BEC - 80
REG - 85

ETHICS - 90
EXPERIENCE - COMPLETE
Application for California license mailed 8/4/2016

[Bear-Bear]

Thanks y'all!

[Tncincy]

Good luck Bear…..you got this :-))

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

[Just3Letters]

Good luck Bear-Bear, not that you need it!

Go let the AICPA know who's boss!

FAR- 81
REG- 81
BEC- Aug 22, 2016
AUD- TBD

[Just3Letters]

I'm currently decided whether or not to do a bunch of MCQ today or just relax..

FAR- 81
REG- 81
BEC- Aug 22, 2016
AUD- TBD

[csvirk]

Good Luck Bear.

@Just3 I am feeling very lazy today also.

FAR: 71, 77!
AUD: 69, 80
BEC: 72
REG: 84

[Just3Letters]

@CSvirk,

Bear is already done! My test is tomorrow!

FAR- 81
REG- 81
BEC- Aug 22, 2016
AUD- TBD

[Just3Letters]

So I need a definitive answer on this small topic.

Becker says the Generation Skipping Transfer tax “applies when individuals transfer property to a person who is two or more generations younger than the donor or transforer”

So this is probably obvious to most people, but is the GSTT only for great grandchildren or for grandchildren too?

So two generations skipped would be like my daughter and her daughter. If those two generations were skipped, that would be my great-granddaughter right? Ugh. I hate family tree crap.

FAR- 81
REG- 81
BEC- Aug 22, 2016
AUD- TBD

[Anonymous]

i think it applies to grandchildren. your daughter's daughter is two generations younger than you

[Anonymous]

and good luck tomorrow! i think you got it

[Just3Letters]

OK yeah that's what I thought! Thanks! I feel good!

The girl from prometric just called and told me I can come in any time from 8:30-1:00 but 1:00 is the absolute latest even though my appointment is for 1:30 lol

I think she wants to enjoy her holiday weekend!

FAR- 81
REG- 81
BEC- Aug 22, 2016
AUD- TBD

[Just3Letters]

Anybody have an easy way to understand real v. personal defenses?

Under the Negotiable Instruments Article of the U.C.C., in a nonconsumer transaction, which of the following is a real defense available against a holder in due course?

1.Material alteration
2. Discharge in bankruptcy
3. Breach of contract

A.
II and III

B.
I and II

C.
III only

D.
I only

FAR- 81
REG- 81
BEC- Aug 22, 2016
AUD- TBD

[csvirk]

@juat3 Fraud and Bankruptcy are the real defense. Breach is personal.

FAR: 71, 77!
AUD: 69, 80
BEC: 72
REG: 84

[Author]

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