[jeff]

Welcome to the Q3 2016 CPA Exam Study Group for REG.

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

[Just_Trying_To_Pass]

This may seem like a dumb question but why is it that most people have an awful time with the REG Sims? I'm not saying they are easy for me, I really have practice many of mine yet. (and lack the experience with Sims because I took BEC first). The majority of my studying thus far has been reading, lectures/taking notes, and working through Multiple Choice. I was planning on hitting the SIMS next week now that I'm through all my material. But if you know a lot of detail and the tricks on multiple choice questions, what about the Sims make it even harder? Do you always have to look through the literature to get your answers?? Thanks for any help!!

BEC: 70, 83
REG: 8/13/16
FAR:
AUD:

[Spartans92]

How come this thread been so quiet lately?

BEC- PASS

[marqzho]

This one is actually the most popular study group among all 4 sections :O)

REG 90
FAR 95
AUD 98
BEC 84

[.]

You would think FAR would be more popular since there is so much more material to cover.

FAR - June 2016 - 88
REG - July 2016 - 89
AUD - Aug 2016 - review phase currently
BEC - Sep 2016 -

Wiley CPA Excel & Ninja MCQ

[Spartans92]

haha I'm surprised Far only got 3 pages.. man I feel like I am gonna fail this exam in few weeks.. With 8 months left on becker I'm afraid I won't be able to pass the remaining sections on time. 🙁

Im thinking about getting ROGER if my becker expires.. anyone can give me an idea how Roger works? Is it lectures and homework similar to Becker? I am not a fan of jumping around the material, I really like the layout of Becker.

BEC- PASS

[marqzho]

You can just ask them to extend for you. I saw people did that and it is free.

REG 90
FAR 95
AUD 98
BEC 84

[Spartans92]

i heard they discontinued that.. I got the promise for AUD earlier this week. Guess I'll just focus on passing REG and worry about my retakes later. Thanks tho marqzho. Im amazed that u r still visiting this site. 🙂

BEC- PASS

[marqzho]

I thought you said 8 weeks……8 months are enough to pass all other sections. And when you are really down to 8 weeks, come back and ask how Roger works :LOL

REG 90
FAR 95
AUD 98
BEC 84

[Spartans92]

🙂 Yessir! Hope all is well with you. Any luck with job hunting?

BEC- PASS

[marqzho]

No luck 🙁 This is the hardest part.

REG 90
FAR 95
AUD 98
BEC 84

[Spartans92]

Eventually u will get something! Best of luck, mate.

BEC- PASS

[csvirk]

On October 1, 2014, Donald Anderson exchanged an
apartment building having an adjusted basis of $375,000
and subject to a mortgage of $100,000 for $25,000 cash
and another apartment building with a fair market value of
$550,000 and subject to a mortgage of $125,000. The property
transfers were made subject to the outstanding mortgages.
What amount of gain should Anderson recognize in his tax
return for 2014?
a. $0
b. $25,000
c. $125,000
d. $175,000

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

[Josh]

let me get specific for a change. I was reading in the Ninja book yesterday about how the feds can take wedding rings?

Today, I listened to a CPA Excel lecture about how the feds are sentimental and won't take them.. does it matter how much those rings are worth? My brother gave me this scenario about how people take out loans on rings like a car payment.. I wasn't sure if that would make any difference.

Then I noticed that Gleim and CPA Excel were talking about federal exemptions.. “4) An interest in jewelry up to a value of $1,550”

If someone declares BK with say a million dollar ring, hypothetically, would the reds consider taking it? What do you all think? Maybe I should contact my reviews for better coverage, but I'm curious, what you guys know.

I'm job hunting myself, if you read my post, but it's tough. My state gave me a job developer. I almost had a job in accounting. I got selected, but it didn't work out. I would temp if I didn't need my medical insurance even with Medicaid, got a baby and my wife's working on permanent residency.. just to say it get's complicated and as time passes and all that's left on my resume is my current job, it's hard to be taken seriously in this economy without the CPA. All the best, y'all!

[jeff]

test

[livealittle]

can anyone explain the difference in c and d?

The fair value for an asset or liability is measured as:
a. The appraised value of the asset or liability.
b. The cost of the asset less any accumulated depreciation or the carrying value of the liability on the date of the sale.
c. The price that would be paid to acquire the asset or received to assume the liability in an orderly transaction between market participants.
d. The price that would be received when selling an asset or paid when transferring a liability in an orderly transaction between market participants.

BEC - 8/8/16
REG - 66, 77
AUD - 81
FAR - 9/8/16

[Author]

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