[jeff]

Welcome to the Q4 2016 CPA Exam Study Group for REG.

If this is your first post in the study group – please post your target exam date (just the time frame to preserve your anonymity), and your past history with this exam (optional, of course).

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

[jpowell31]

you have to add back preference items so it's 100 + 85 -15 +40 = 210 – 150 = 60*25% = $15K 40-15 = $25K (answer should be B)

[Reg_Slayer]

@jon

20 years

Invention is novel, useful, and non-obvious
Ideas not patentable, but their application is patentable
Patent infringement = both purposeful and inadvertent use of patent.

what “3 elements” r u thinking of?

[jonm857]

@reg_slayer

you got them. I was referring to the “novel, useful, and not obvious to one skilled in the area”

B - 81
A - 87
R - 73
F - July 5th

[Reg_Slayer]

name ISO vs ESPP requirements, ready go!

[jonm857]

All I remember is that theyre both qualified plans…… 🙁

B - 81
A - 87
R - 73
F - July 5th

[Reg_Slayer]

ISO
1. no more than a 10% shareholder
2. option price >= FMV [date of grant]
3. held @ least:
1 year exercise
2 year grant

ESPP
1. no more than a 5% shareholder
2. option price less than lesser of:
-85% grant
-85% exercise

[jonm857]

Ordinary income at exercise date? Something along those lines…….

B - 81
A - 87
R - 73
F - July 5th

[jonm857]

Do you guys think I can do all of Ch 6 MCQs in 90 minutes? I think I can. Do you think I can? I really think I can.

B - 81
A - 87
R - 73
F - July 5th

[jpowell31]

ha depends how many there are. i keep bumping up my goal today based on the amount of coffee i've had and revenge on my internet provider (that'll show them!…). if you had my issues, i'd say no…but it's definitely doable. my goal is raised since most of my outstanding questions are BL/shorter in nature so it's doable. let's go let's GOOOOOOO.

i'm not even making sense anymore. *caffeine twitches*

[jpowell31]

from memory, how much in wages do employees have priority status under bankruptcy (wages earned within X days to a max $X) GO

[Anonymous]

I wish I were taking REG again. This study group is very active, not so the case with AUD.

[Anonymous]

ISO & ESPP – Similarities and Differences

ISO & ESPP – Similarities and Differences

[jonm857]

@jpowell

Puh-LEASSSE!

12,475 within 180 days prior to filing

B - 81
A - 87
R - 73
F - July 5th

[jonm857]

From memory, tell me the 4 elements of negligence

B - 81
A - 87
R - 73
F - July 5th

[Anonymous]

Elements of Negligence
4 [BCDI]
a. Breach (which is lack of due care)
b. Causality
c. Duty of Care
d. Injury
Note: Contributory Negligence is a defense to negligence in some jurisdictions.

[Author]

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