U
    Charity expense of $4800?
    user-370 - 11/10/2018, 7:11 pm
    Why Thomas's income didn't get reduce with his share of charity of $4800? His portion of income is 40% of 212,000=84800 + 60,000 guaranteed payment =144,800 Then where is the treatment of 40% of 12000 charity for his portion?
    3
    T
    lease obligation vs total liability
    Thomgas-93457 - 11/9/2018, 2:07 am
    Lease obligation = lease liability. Lease liability = 48. Lease obligation = 48. Interest payable = 4.8. Total liability=lease liability+interest payable= 52.8. Question asks for lease obligation, not total liability. Where am I going wrong?
    1
    T
    dividend declared vs paidCan you help?
    Thomgas-93457 - 11/6/2018, 8:20 pm
    A more accurate explanation would be, "if non-cumulative pfd stock is not DECLARED (as opposed to PAID) in any given year, then future pyt is not required."
    0
    R
    CPA Review for Free
    Rafiah-48533 - 11/5/2018, 8:32 pm
    Can you really pass the CPA with CPA Reveiw for Free? Or it is best used as a supplemement to other CPA study materials?
    2
    N
    336(e)? not Section 1245?
    NAOKO-71583 - 11/5/2018, 5:22 am
    I'm wondering that this explanation is not correct. because this is about an equipment, so I think according to Section 1245, the answer is ordinary gain.
    1
    U
    The word must makes it wrong
    user-6299 - 11/2/2018, 1:05 am
    If $5000 is expensed immediately then that cancels out the 180 months answer. Watch out for must, all, always...
    1
    U
    What about the accrued interest?
    user-506 - 10/31/2018, 5:30 pm
    There was an interest payment to be made of 5,000. To the seller to compensate the buyer for the 6months on interest on the bond accrued. Your calculation does not take that into account. Can you please explain why?
    1
    J
    accounts receivable turnover
    jason-93784 - 10/31/2018, 2:10 am
    In C, sales do not stay the same because you only use credit sales in the numerator.
    1
    T
    multiple errors in questionCan you help?
    Thomgas-93457 - 10/29/2018, 9:44 am
    If functional currency =USD as the question indicates, then remeasurement would be appropriate automatically.
    0
    T
    inconsistencies in explanations
    Thomgas-93457 - 10/29/2018, 9:04 am
    Same circumstance as another question in this section, but different answer and solution. Check other question for error.
    2
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