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Caroline Finman commented on CPAnet's group The FAR Group"For becker mcqs on Far, does anyone know why research and development is included in values of intangibles in calculating goodwill for cpa-05619? Isn't R&D expensed and not capitalized?"
Caroline Finman commented on CPAnet's group The FAR Group"thanks Robin, what if it said common stock dividend, I'm pretty sure cost method doesn't recognize that so then you wouldn't reduce investment income account by the dividend?"
Caroline Finman commented on CPAnet's group The FAR Group"I was just reading over the cost method, do you reduced year 1 investment income by the dividend because the cost method recognizes it in income and equity method doesn't. So the adjust the investment income account to equity for year 2 you…"
Caroline Finman commented on CPAnet's group The FAR Group"Robin (or anyone else that can answer this), for cpa-00344, why do you reduce investment income for year 1 by the percentage of dividends, isn't that just to adjust the investment account, not investment income, which is only affected by…"
Caroline Finman commented on CPAnet's group The FAR Group"right, the accrued in royalties payable is implied, sorry my brain is getting a little tired. I find the multiple choice questions to have so many details that trying to put them into an organized thought pattern and throwing in the journal entries…"
Caroline Finman commented on CPAnet's group The FAR Group"Okay, I looked at the answer some more and your response. I think I got it. Does one ever credit an expense account. or are those usually just debited and left alone until totaled and transferred to the income statement?
for the royalty expense…"
Caroline Finman commented on CPAnet's group The FAR Group"Hi Robin, it is cpa-00853.
In addition I am stuck on cpa-00246, what would the journal entries be? When purchasing the equipment and reducing it by the accrued realty taxes, would that be dr to equipment, cr to accrued taxes (liability?) and cr cash…"
Caroline Finman commented on CPAnet's group The FAR Group"When accruing interest expense, Becker mcq included in year end income statement interest expense from jan through June that was paid in September of that year. Wouldn't the interest expense have been credited once it was paid, why is it…"
Caroline Finman commented on CPAnet's group The FAR Group"i heard they release scores twice during the quarter, once in the second month and 3 weeks into the third month. Is that correct?"
Caroline Finman commented on CPAnet's group The FAR Group"Veronica, when listening to lectures and doing mcq's did you find it took more than one day to do a section's lectures and related mcq's. It seems I need to take 2 days for each section's lectures and mcqs and then a third day to…"
Caroline Finman commented on CPAnet's group The FAR Group"Thanks Saradha, once you went over the mcq's did you go ahead and do simulations, progress tests etc, or did you just move on to then next section's lectures."
Caroline Finman commented on CPAnet's group The FAR Group"Did anyone find the first time they did the mcq's after a lecture they got around 30-40% wrong. I feel I know the material after hearing the lecture and reading the book, but it seems doing the mcq's is a good review of the idea, but I do…"
Caroline Finman commented on CPAnet's group The FAR Group"Thanks, that's what I've been doing so far and it seems to work. Do you plan on going over all the mcq's at the end of each section? I've heard reviewing them really helps."
Caroline Finman commented on CPAnet's group The FAR Group"for anyone using Becker, did you hear lecture on topics within each section and complete the multiple choice questions right away or did you wait to do the multiple choice once you were done hearing the lectures on all the topics within that section?"
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- CPA Exam Status: So far I have passed...
- None Yet!
- Section(s) I am Studying for in this Window...
- FAR
- For Exam Prep I'm Using...
- Becker
Comment Wall (1 comment)
- At 10:11pm on August 2, 2010,
CPA Exam Club said… - Welcome to the Club and see you at the chat tomorrow!
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