L
    Understood.
    LAURI-54946 - 05/30/2019, 2:21 am
    A disclaimer is not relevant because the auditor is aware of the material misstatement.
    0
    R
    Math
    R.B. - 05/29/2019, 9:41 pm
    What about the $70,000
    1
    U
    Not for profit
    user-15173 - 05/28/2019, 12:41 am
    Where is the temporarily restict net asset on not for profit organization? It was eliminated?
    0
    the explanation does not give full context
    PoorAuditStaffer - 05/27/2019, 11:40 pm
    The explanation states that "R&D expense does not include:" and includes 4 bullet points. My first response to each of the "not" definitions is by trying to classify it where it should go. Routine repairs and maintenance and even improvements are classified as Repairs and maintenance or even capitalized as asset improvements in PP&E. Legal fees when successfully defending an intangible asset are capitalized as an intangible asset. where is market research expense? (cost of sales?) Computer Software that is developed internally is capitalized as an intangible asset. PLEASE correct me if I am wrong.
    0
    Y
    GREAT FOB SHIPPING AND FOB DESTINATION
    YoungCPA - 05/27/2019, 12:10 pm
    I think this is a great FOB shipping and FOB destination question. It allows us to practice 4 rations. Wanted to start a conversation about it and hear other points of view.
    0
    Y
    Attitude
    YoungCPA - 05/26/2019, 11:12 am
    Anyone else had a hard time understanding that Attitude relates to rationalization
    0
    G
    Passed REG
    Gabriele-19406 - 05/23/2019, 4:43 pm
    Just received the results, and I passed REG with a score of 91. For this exam I relied even more heavily on CPA review for Free because my study guide did not have the new tax reform changes (I did not want to purchase an updated version). The difficulty level of the questions on the site is very comparable to the exam. And the simulations are a plus. Thank you again for providing this affordable resource. I have BEC left and will attempt this sometime this summer.
    2
    No depr.
    Ryan-12701 - 05/17/2019, 9:26 pm
    I'm guessing under this method you only have depr. if you sell something? There's no depr. yr 2?
    0
    Cost of Goods Manufactured
    Brittany-22234 - 05/17/2019, 4:01 pm
    One would think material flow from “Cost of Goods Manufactured” moves to “Finished Goods.” Unless sold, the question leads me to think it remains in Finished Goods “Inventory” and reflect on the Balance Sheet.
    0
    10 YR BONDS
    Ryan-12701 - 05/16/2019, 8:03 pm
    The US gov may also have 7 yr bonds. What's so special about the 10 yr bond?
    1
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