CPA Study Group
Team up with fellow candidates and conquer your exams.
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
Why would retained earnings be affected if there was plenty of APIC to cover $4 treasury premium?Can you help?user-506 -
I understand that when treasury stock purchase under Par Value method reduces APIC to the zero and then dips into retained earnings. But, just because the reacquisition cost above the original cost you automatically reduce retained earnings? You have amply APIC from the original stock sale. Why would you reduce Retained earnings by $4 per share and not just reduce the APIC more? I am assuming there is a reason.
How did you get 104,000 in OCI?
Hi all.. Why the correct answer under $14k? Please explain? 2,000 share options granted to each of 3 directors on 1 January 2010 subject to them being still employed as at 31 December 2012, the date of vesting. The fair value of each option on 1 January 2010 was $10. Options will vest when the share prices reach $14. The share price as at 31 December 2010 was $8 and is not anticipated to rise in the next two years and only 2 directors will still be with the company as at 31 December 2012. What is the appropriate treatment for share options in the financial statement for the year ended 31 December 2010? A. Cost and equity balance in financial statement at 31 December 2012 is $20,000 B. Cost and equity balance in financial statement at 31 December 2012 is $30,000 C. Cost and equity balance in financial statement at 31 December 2012 is $13,333 D. Cost and equity balance in financial statement at 31 December 2012 is $18,667
I passed AUD in December with only using a study guide and going through all the questions on CPA Review For Free. Even though my study guide (Wiley) has a over 700 multiple choice question - I worked them all - I find them mainly helpful in reinforcing the concepts in the text but not sufficient to prepare for the exam. The sample questions on CPA Review for Free are closer to the difficulty level that I encountered in the exam and I don't believe I would have passed without this site. I also passed FAR in August and I am now preparing for REG.