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Tina-50969
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Bond was issued on Jun 1, so where is the 7 months coming from? To me, it should be reduced by 600, not 700.
Thanks,
Tina
CPA Study Group
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support
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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
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user-14908
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this solution is outdated as now only one step is used to calculate impairment loss on goodwill i.e. if carrying value including goodwill is more than fair value including good will then carrying value less fair value is recognized as impairment loss and goodwill is reduced by the specific amount .
hence , the explanation and the answer is wrong only one step approach is used now
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user-14908
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from my point of view as mentioned in the options fair value of consideration given up is less then the fair value of all identifiable assets and liabilities would result in a gain , not a goodwill .
lets take an example if consideration given up is 10000 and fair value of all identifiable assets and liabilities is 12000 ( f.v. of consideration given less then fair value of assets less liabilities ) will result in 2000 ( negative) which means parent company has given less then what the companies actual fair value is
so from my point of view the mentioned option is incorrect
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user-35850
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which part of AUD exams seems most difficult?
Leelah-18085
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Why did I get this question right?
OKAY, I'm joking. I hope you all are staying safe and studying hard. Peace everyone
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Iain-6872
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Hi, I would like to become a CPA. I live and work in New York, so becoming a CPA in New York would be the natural course of action. However, I do not meet the education requirements for New York. I believe I fit the requirements for New Jersey, which I am attempting to confirm because I did my undergrad in London, so I am thinking that is my best bet. Does anyone see why this would be an issue? And is there any reason I wouldn't be able to transfer licensure to 'practice' in another state according to the Uniform Accountancy Act? NJ has firm mobility while NY does not, so that could possibly be an issue, but I am unsure how much that would diminish the value of the license. I work for a big accounting firm doing audit work, so perhaps it wouldn't be ideal. I welcome everyone's thoughts.
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user-24694
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Even though the explanation states a company can deduct up to $5,000, wouldn't you assume they would do this? This would leave zero left to amortize over 15 years.
Varun-62811
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Each Exam section is delivered in five smaller sections called testlets. These testlets feature multiple-choice questions (MCQs) and task-based simulations (TBSs).
In the case of BEC, you also have to complete three written communication tasks (WCTs). The number of MCQs and TBSs tested varies depending upon the specific section taken. You will receive at least one research question (research-oriented TBS) in the AUD, FAR and REG sections. To complete them, you will have to search the related authoritative literature and find an appropriate reference.