S
    what is the number of simulations for Pro Account Can you help?
    Srinivasan - 06/21/2019, 10:58 pm
    Folks, I am planning to get Pro account - what is the number of simulations will i be getting? thanks,
    0
    D
    Stock for Services
    David - 06/21/2019, 12:47 am
    Is the income equal to the fmv of the property received or the fmv of the services provided. I thought it was the fmv of the property.
    1
    U
    relationship between A/P and expenses
    user-10681 - 06/20/2019, 12:16 pm
    I didn't get the choice " a decrease in A/P would indicate a decrease in expenses", why is that?
    1
    Question about writing off Accounts Receivable
    Heather2019 - 06/19/2019, 3:29 pm
    One simulation question I had was about going over BOD minutes after year end. The client had a customer that went bankrupt and had to write off their accounts receivable. This topic didn't come up in my Becker AUD review and on the exam I answered DR Bad Debt Exp CR Accounts Receivable However, after studying for FAR and going over the material I feel like the answer should have been. DR Allowance for Doubtful Accounts CR Accounts Receivable? Thoughts?
    4
    J
    Purchasing in the ordinary course of business
    John-29951 - 06/18/2019, 1:38 am
    I thought if Gold purchases a computer in the ordinary course of business, he is free and clear of any previous interests?
    1
    L
    Interest expense
    Lina - 06/16/2019, 7:51 pm
    Can anyone please explain me why $32,000 of $80,000 moved to warehouse account? Thank you in advance!
    3
    I thought losses were never deductible on personal property
    Caroline-91970 - 06/15/2019, 9:55 pm
    Number 4?
    1
    Aren't charitable carryovers deducted first when determining the amount of gross income threshold for charitable contributions in CY? Can you help?
    Caroline-91970 - 06/15/2019, 9:28 pm
    So wouldn't it be 200K-8K=192K*10%=19,200 allowable charitable contributions in CY?
    0
    G
    Illegal Act
    Greg-82453 - 06/13/2019, 7:00 pm
    Why would you give a qualified opinion if there was an illegal act?
    1
    Right-of-Use Asset and Lease Liability expenses Can you help?
    PoorAuditStaffer - 06/8/2019, 6:55 pm
    The present value of the lease asset and liability are the same, so as the cash is paid to rent expense, there needs to be the lease asset reduction. This nets with the lease liability reduction (because it is operating and not based on interest). Shouldnt expense be grossed up by the reduction of the lease asset?
    0
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