U
    Why would retained earnings be affected if there was plenty of APIC to cover $4 treasury premium?Can you help?
    user-506 - 01/15/2019, 8:42 pm
    I understand that when treasury stock purchase under Par Value method reduces APIC to the zero and then dips into retained earnings. But, just because the reacquisition cost above the original cost you automatically reduce retained earnings? You have amply APIC from the original stock sale. Why would you reduce Retained earnings by $4 per share and not just reduce the APIC more? I am assuming there is a reason.
    0
    K
    Calculating Taxable IncomeCan you help?
    Kelli-37005 - 01/14/2019, 8:57 pm
    The questions do not specify whether the taxpayer is accrual or cash basis. Both calculate income differently.
    0
    U
    I can come to 424,000 for Net Income, but...Can you help?
    user-506 - 01/14/2019, 5:50 pm
    How did you get 104,000 in OCI?
    0
    P
    Chanllengin Frequent Asked CPA Question on accounting for employee stock options
    Peter-91981 - 01/10/2019, 4:47 pm
    Hi all.. Why the correct answer under $14k? Please explain? 2,000 share options granted to each of 3 directors on 1 January 2010 subject to them being still employed as at 31 December 2012, the date of vesting. The fair value of each option on 1 January 2010 was $10. Options will vest when the share prices reach $14. The share price as at 31 December 2010 was $8 and is not anticipated to rise in the next two years and only 2 directors will still be with the company as at 31 December 2012. What is the appropriate treatment for share options in the financial statement for the year ended 31 December 2010? A. Cost and equity balance in financial statement at 31 December 2012 is $20,000 B. Cost and equity balance in financial statement at 31 December 2012 is $30,000 C. Cost and equity balance in financial statement at 31 December 2012 is $13,333 D. Cost and equity balance in financial statement at 31 December 2012 is $18,667
    3
    G
    Tax Reform Updates
    Gabriele-19406 - 01/7/2019, 6:10 pm
    Can you tell me if the questions have been updated to reflect the new tax laws?
    1
    G
    Passed Aud
    Gabriele-19406 - 01/7/2019, 5:59 pm
    I passed AUD in December with only using a study guide and going through all the questions on CPA Review For Free. Even though my study guide (Wiley) has a over 700 multiple choice question - I worked them all - I find them mainly helpful in reinforcing the concepts in the text but not sufficient to prepare for the exam. The sample questions on CPA Review for Free are closer to the difficulty level that I encountered in the exam and I don't believe I would have passed without this site. I also passed FAR in August and I am now preparing for REG.
    7
    U
    Variable SamplingCan you help?
    user-9435 - 01/6/2019, 6:33 am
    Can anyone help me understand when does an auditor uses a mean per unit estimation and Ratio estimation ?
    0
    S
    Simulations
    Sourav-Gupta-5124 - 01/4/2019, 6:35 pm
    Are there free simulations questions as well as i cant see them in the material
    1
    T
    Explanation Incorrect?
    Trevor-9193 - 01/1/2019, 5:17 pm
    I chose that the financial statements are the responsibility of management. The correct answer is supposedly none of the above, but the explanation says that the financial statements are the responsibility of management?
    2
    U
    why didn't add one month accrued interest payable?Can you help?
    user-9199 - 01/1/2019, 2:10 am
    why didn't add one month accrued interest payable?
    0
    Posts per Page 10 20 30 50