D
    20% - 25% Stock Dividend
    Diana-3992 - 05/16/2019, 7:55 pm
    I thought this subject was out the scope of the CPA exam
    0
    Z
    transfer prices
    Zineb-2710 - 05/15/2019, 6:58 pm
    One question of Corporate Governance Financial Markets and Risk Management section is confusing to me: The explanation makes sense: it says to minimize tax burden by minimizing net income (higher purchase costs) in jurisdictions with higher income tax and maximizing net income (lower purchase costs) in jurisdictions with lower income tax rates. However, the supposed correct answer “it is advantageous to maximize sales price to sub with lower income tax rate”, I think is wrong and says the opposite of the explanation – doesn’t this statement mean higher net profit for the parent (since they want to maximize the sales prices) and lower net income for the sub (the sub will buy for higher purchase costs)? Thanks to all for your input
    0
    F
    Budgeted income statement is correct
    Frank-90500 - 05/15/2019, 12:45 am
    Per Wiley April 2017 CPAexcel Exam review study guide the master budget is composed of several coordinated parts which are the operating budget, financial budget and the capital expenditures budget. The Operating budget which consists of: Sales budget, production budget, production cost budgets, and selling and administrative expense budget. The financial budget consists of: cash budget, budgeted (or pro-forma) income statement, and budgeted (or pro-forma) balance sheet, and the last part of the master budget is the capital expenditures budget. So how is the budgeted income statement not the correct answer to this question?
    0
    L
    Audit Objective
    LAURI-54946 - 05/14/2019, 2:34 am
    Accuracy is not an audit objective!
    0
    L
    Current Ratio Formula
    LAURI-54946 - 05/14/2019, 2:27 am
    Current Assets/Current Liabilities - Presentation is still important for future year reporting.
    1
    L
    Common Law
    LAURI-54946 - 05/14/2019, 2:17 am
    Not Federal Law, that is the question here!
    0
    Should I register for Becker or Roger CPA Review despite of purchase of CPA Review for Free?
    Dipti-2019 - 05/13/2019, 5:41 pm
    I have purchased CPA Review for Free until 4/22/20. Do i need to buy more study online classes such as becker and roger cpa review?
    0
    K
    Friend who is dependent
    Kyle-31249 - 05/12/2019, 9:19 am
    Does a friend come under close relative category?
    1
    Z
    how to select only questions that we haven't seen before?
    Zineb-2710 - 05/11/2019, 11:53 am
    Hi, We can do a max of 50 questions at a time, but I don't see how to select questions only the ones that we haven't seen yet. For some sections, there are more than 50 questions. How to get to those unseen questions without having to go through the ones we have seen already? thanks in advance Z
    2
    L
    Is this no longer true? Does there have to be 80% ownership for related party losses not to be recognized?
    Lisa188729 - 05/9/2019, 9:15 pm
    Does there have to be 80% ownership for related party losses not to be recognized?
    1
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