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
    Addition Can you help?
    Fernando-91859 - 04/21/2019, 11:18 pm
    I would add that $50,000 tax expense will never be deducted so no deferred tax needs to be calculated.
    Concur Can you help?
    Janet-89765 - 04/20/2019, 7:56 pm
    I agree with the above. This answer does appear to be correct.
    Going concern Can you help?
    Janet-89765 - 04/20/2019, 2:33 pm
    In my text it states in rare cases the going concern is considered to be so extreme or if there are multiple uncertainties where it is not possible to for an opinion on statements taken as a whole , so as to warrant a disclaimer of opinion. The answer chose for this question doesn’t appear to be correct.
    Clarified Standard Can you help?
    Kyle-31249 - 04/19/2019, 4:35 am
    Under new structure of the Audit report, reference to GAAS is in Auditor's responsibilities Section.
    Misspelling Can you help?
    Caroline-91970 - 04/18/2019, 10:43 pm
    There is a misspelling in the first answer to this question (20167)
    Student Loan Interest Can you help?
    Caroline-91970 - 04/18/2019, 6:21 pm
    Is the $2500 max annual or lifetime total?
    Dependents Can you help?
    Gabriele-19406 - 04/9/2019, 7:21 pm
    Wouldn't Theodore and Franklin be considered Qualifying Relatives? The TP provides more than 1/2 of their support. A Dependent is either a Qualifying Child or Qualifying Relative. Even if they don't qualify as dependent child, they still could be claimed for medical expenses and the new Credit for Other Dependents if they lived more than 1/2 of the year with the TP. The question does not indicate that they live on their own.
    Prepaid Insurance Expense Can you help?
    Chris-15937 - 04/8/2019, 12:36 am
    How is the increase in Prepaid Insurance equivalent to subtracting that amount when working BACKWARDS from net income to calculate cash from operating activities? If my operating cash for the year was $207, as the answer says, and I PAY OUT an extra $9 to increase my Prepaid Insurance by $9, as the problem states, that puts me at $198 cash for the year. Adding back the $6 for Salaries Payable puts me at $204 net income, not the $210 starting point stated. Am I missing something here?
    Valuation Allowance Can you help?
    Ryan-12701 - 04/7/2019, 6:50 pm
    Is an increase in valuation allowance always a tax liability?
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