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CPA REVIEW FOR FREE - New Features and Updates

support - 01/16/2019, 2:46 pm

Welcome to the brand new CPA Review for Free! We’ve made a lot of changes to our study platform for both free and premium users. We now offer a subscription plan called [CPA REVIEW PLUS+](/upgrade). We are very excited about the features available in this plan. **DASHBOARD** There’s a brand new landing page when you enter the study platform. For PLUS+ subscribers this dashboard will give you a broad view of your performance, your recent study sessions, recent exams, and much more. **PRACTICE EXAMS (PLUS+)** They’re finally here! You can now take practice exams for AUD, BEC, REG, and FAR. These practice exams are virtually identical to the real AICPA exam and include all the tools and functionality offered in the real exam. **SIMULATIONS (PLUS+)** We now offer in-depth simulations within our practice exams. These simulations mirror the real exam simulations and better prepare you for all aspects of the test. We would love to hear your feedback on these new features, feel free to contact us or post right here in the community forums. Thanks CPA Review Support

General

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Study buddy Can you help?

Ritika-43012 - 08/10/2020, 4:30 pm

Hi. Looking for remote study buddy for BEC.. General expectation - Connecting atleast once a week to discuss the study progress, helping each other with difficult concepts, keeping the strength and enthusiasm going. Targeting the exam towards September end.

BEC

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What would the next year's other comprehensive income be? Can you help?

Ishant-Patel-66407 - 08/7/2020, 4:27 pm

If PBO remained the same would the other comprehensive income for the next year be 560,000? 280,000/7=40,000*2=80000 280000-80000=200000 420000/7=60000 420000-60000=360000 200000+360000=560000

FAR

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Journal Entry Can you help?

Ishant-Patel-66407 - 08/7/2020, 3:48 pm

How would you create a journal entry for this? DR Pension Exp 140000 DR Other Accumulated Comprehensive Income 560000 CR PBO 700000

FAR

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Journal Entry Can you help?

Ishant-Patel-66407 - 08/7/2020, 1:03 am

Would the would journal entry for this be? DR Note Payable (OLD) 1,000,000 DR Interest Payable (OLD) 120,000 CR Notes Payable (NEW) 600,000 CR Interest Payable (NEW) 300,000 CR Gain on debt Restructuring 220,000

FAR

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C

why I am wrong on my answer? Can you help?

Claudia-50821 - 08/4/2020, 10:54 pm

on this question I type FASB ASC 230-10-50-2 as an answer and the system marked my question as wrong and type the same thing I did.

FAR

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If prepaid drops in value Can you help?

Ishant-Patel-66407 - 08/4/2020, 2:28 pm

If prepaid insurance, as asset, drops in value by $5,000 wouldn't you recognize it as the prepaid being expensed after being used rather than assume they paid less? I get the $7,000 increase in payables taking away from the $51,000 expense but not sure why you'd wouldn't add the $5,000 to the expense

FAR

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preformating Can you help?

Lina - 07/28/2020, 8:02 pm

According to another review course, Preformated screen is a series of requests for required input data that requires an acceptable response before subsequent request made.. I am totally confused now!! Can anyone please clarify the answer. Should it be C or D? Thank you.

BEC

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competitive advantage vs comparative advantage

Lina - 07/27/2020, 8:10 pm

Can anyone please explain me the difference between competitive advantage and comparative advantage?

BEC

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Study buddy needed Can you help?

user-38557 - 07/25/2020, 6:35 am

Hey, I'm looking for a dedicated study partner for FAR. I have uploaded my study schedule on the studypal Interested one's please message me back on studypal.All my friends use this to study for exam.

FAR

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