DPS
    user-21492 - 11/20/2019, 5:33 pm
    How does the bonds increase the NI amount to be used in calculating DPS? NI - Preferred Stock Distr +back the bond div - Tax savings on bonds div /# of CS shares + convertible shares 400k - 40k +40k - 8k / 100k + 20k
    1
    Basic EPS
    user-21492 - 11/19/2019, 5:55 pm
    Q#2 - Does the Cash dividends $80 that were paid on common stock impact the calculation of EPS?? I left it alone & came up with the correct answer. But I was wondering what impact does it have at all?
    1
    U
    conditional probability
    user-22412 - 11/18/2019, 4:39 pm
    ABC legal service has offered to represent a plaintiff in a lawsuit for a retainer of $ 20000 plus 40 % of any award over $ 20000.ABC expects to incur out of the pocket expense of $ 15000 in litigating the suit. Possible court award with their associated probabilities are; $ 100000 - .7 $ 0 - .3 what is the expected value to ABC of the law suit
    2
    U
    Interest Rate
    user-21423 - 11/16/2019, 6:11 pm
    Why are we using 6% interest rate with the problem states the lessors' implicit rate is 10% and is know by Hermione?
    1
    U
    large v. small stock dividend
    user-22119 - 11/15/2019, 5:19 am
    Isn't this a small stock dividend at 9000 shares? Wouldn't market value be used?
    1
    Deciding Exam Order
    Nate - 11/12/2019, 10:31 pm
    What are the main considerations and factors when deciding which order take the (4) CPA exams?
    4
    Lease Accounting (Operating Lease) Je
    Andrew-9284 - 11/9/2019, 4:34 am
    Hi I am currently studying lease accounting and I came across a problem with the last year of the lease term for the operating Lease Assuming that : 1. The Lease Period is 5 years beginning January 2019 2. Rental Amount : 60,000/year payable annually except for the first payment which was made at the inception of the lease 3. No Residual Life Interest Rate (r) : 10% Present Value of the Lease 250,192 The Journal Entries were as following: 2019.1.1 Right of Use Asset 250,192 / Lease Payable 250,192 Lease Payable 60,000 / Cash 60,000 2019.12.31 Interest Expense 19,019 Lease Payable 40,981 /Cash 60,000 Amortization Expense 40,981 /Right of Use Asset 40,981 2020 12.31 Interest Expense 14,921 Lease Payable 45,079 /Cash 60,000 Amortization Expense 45,079 /Right of Use Asset 45,079 2021 12.31 Interest Expense 10,413 Lease Payable 49,587 / Cash 60,000 Amortization Expense 49,587 /Right of Use Asset 49,587 2022 12.31 Interest Expense 5454.5 Lease Payable 54545.5 /Cash 60,000 Amortization Expense 54545.5 /Right of Use Asset 54545.5 Question : At the last year (2023), should the journal entry be Amortization Expense 60,000 /Right of Use Asset 60,000 To take into account of the amortization expense that was not accounted for in the first year?
    1
    YR1 Bond Discount JE
    user-21492 - 11/6/2019, 1:49 pm
    Whats the Journal Entry for Year ONE?? Dr Interest Exp $7360 Cr Cash $7000 Cr ????? $360
    1
    A
    Section 179 Deduction allowed
    Amina-54111 - 11/3/2019, 12:28 am
    The answer states that her available 179 deduction is $9,000, however, it is indicated as being an incorrect answer. The answer further states that only the portion of the new property's basis paid by cash ($10,000) qualifies for the 179 deduction (which is similar to question 24). Why is the $9,000, which represents that business use portion incorrect?
    1
    What are your day-of-exam tips and advice?
    Nate - 11/1/2019, 7:02 pm
    It's obvious we need sleep, water, and food to function. What tactics or substantive tips would you recommend to someone a week or two out from taking their very first CPA exam?
    1
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