[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/

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

[Anonymous]

@Kemy I posted my experience in the “REG – Exam Experience” thread. I definitely felt more prepared than my first take, I'm just hoping I covered that 10 point gap. I think I did well on the multiple choice, but the sims never fail to amaze me in terms of how challenging they can be. Good luck!!

[Mamabear]

@wannabe–Sounds great to me! I haven't started quizzing on corps yet so I'm not sure what my weak areas are, but judging by last night's quiz session I would say all of it. 🙁 The SIMS game sounds great! I want to get through ALL the Ninja Sims before I test. I have the list of which ones go with which topic.

AMT: 38

Basis: 59, 62

C Corp: 60

Capital Transactions: 17, 26

Casualty Loss: 7, 68

Deductions: 11

Depreciation: 21, 41, 47

Distributions: 54, 55

Distributive Share: 43

E/P Determination: 53

Form 1040: 1, 2, 5, 10, 19, 24, 27, 29, 32, 33

Form 1120: 14, 15, 36, 37

Gain/Basis: 40

Income and Expense: 46

Interest Expense: 67

Medical Expenses: 66

New Partner: 44

Organization Costs: 42

Other Income: 3

Partnership Operations: 57

Part-Time Job: 9

Property Transactions: 13, 35

Research: 4, 8, 12, 16, 20, 25, 30, 34, 39, 49, 52, 56, 58, 61, 64, 69

Sched M1 M2: 51

Schedule A: 6, 28

Schedule B: 31

Schedule C: 22

Schedule E: 18

Sechdule SE: 23

Self-Employment Tax: 48

Taxable Income: 50

Unreimbursed Business Expenses: 65

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[WANNABE_CPA]

Wow that list is Good, We can get started..

@zubairs, Kemy, Bucky or others …Do you have Ninja and wanna join?

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[Anonymous]

I'm going to take the night off – apparently, I have a sinus infection AND an ear infection. Ugh. I plan on studying tomorrow, if anyone is around.

[Mamabear]

I'm sorry Bucky. Get some rest so you get better before the exam.

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[Mamabear]

So how does the SIM thing work? We pick one and both work on it and then come back to discuss?

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[Mamabear]

stuck again. This is extremely annoying.

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[Mamabear]

It's back up. What SIM do you want to start with?

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[Mamabear]

Alright guys, I didn't get my nap today and I have been up since 7:30 with only 4.5 hours of sleep. I'm fading fast. Here's the first question.

1–Mock operates a retail business selling illegal narcotic substances. Which of the following items may Mock deduct in calculating business income?

Cost of merchandise

Business expenses other than the cost of merchandise

A. I only

B. II only

C. Both I and II

D. Neither I nor II

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[WANNABE_CPA]

@mamabear..i am sorry i just came back here… Yes anything can work until we get few SIMS done everyday 🙂

Do you want to spend an hour extra after our quiz if you have the energy, we ll decide on about 3 or 4 and do them, check upon each other we did them and understand them…and move forward ?

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[WANNABE_CPA]

1. A. I remember this answer because it didnt go with my reasoning and i just memorized that consider just cost of merchandise even in Illegal acitivities ,

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[Mamabear]

Correct! I got it wrong too. Did you get through all the individual tax MCQ?

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[Mamabear]

2–A first-time homebuyer, for purposes of favorable IRA distribution treatment, is one who has not had a present ownership interest in another principal residence for what minimum period before a new principal residence is purchased?

A. One year

B. Two years

C. Three years

D. Five years

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[WANNABE_CPA]

Not yet…i have about 20 more to go…But i will do them later or alongwith our quiz..Do you want me post few from there too?

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[Mamabear]

It's up to you. I can post all the ones I got wrong today. That should be enough to keep us going for hours unfortunately. It wasn't a good day.

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[Author]

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