J
    number of payments
    Jon-13129 - 08/30/2018, 7:22 pm
    If Hannah started the firm in January but doesn't pay the employees until the fifteenth of the following month, then wouldn't she have only made 11 payments during the year?
    1
    Why increase in ownership equity?
    Raven-59294 - 08/30/2018, 7:38 am
    Why not reduction of existing credit lines? Why is the answer increase in ownership equity?
    2
    D
    Timing of Construction
    Diana-11007 - 08/29/2018, 1:17 pm
    On the exam would they provide the exact timing on when the walls are constructed? Here I assumed 1/2 year since it was purchased Jan 1. and would take time to construct the walls.
    1
    D
    Total dividend amount
    Diana-11007 - 08/28/2018, 9:18 pm
    It looks like the answer key reports total dividents of $90K, but should be $100K
    2
    S
    25% rule- Non-monetary exchange
    Samantha - 08/28/2018, 9:06 pm
    Why isn't the 25% rule being applied in the questions ? Meaning, why is it the entire gain is being recognized rather than a proportional recognition ?
    4
    S
    Wrong answer
    Steven-66267 - 08/25/2018, 12:50 pm
    The answer choice conflicts the explanation.
    1
    R
    Passive activity
    Reetika-43563 - 08/25/2018, 11:24 am
    Ben is a limited partner and hence the income should be regarded as a passive income.
    1
    Specialized industry journals
    Raven-59294 - 08/25/2018, 4:56 am
    Wouldn't the specialized industry journals be a good answer?
    2
    Justification as to why?
    Raven-59294 - 08/25/2018, 4:53 am
    Standard aside, what's the likely reason why it is based on prior year FS rather than the initial assessment of control risk or others?
    1
    M
    Depreciation
    Matt-41481 - 08/23/2018, 4:13 pm
    Why isn't there Depreciation in this? Shouldn't the answer be a 1,170,000 increase in unrestricted net assets?
    1
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