L
    consolidated balance
    Lina - 06/25/2019, 9:41 pm
    I thought consolidated balance for land would be BV of P + FMV of S, which is 120+130=250. Can anyone please explain why fmv of S is ignored. Thank you in advance.
    1
    L
    Inventory
    Lina - 06/23/2019, 11:33 pm
    Why inventory is not included?
    1
    L
    Year 2 Income Statement
    Lina - 06/22/2019, 9:06 am
    What amount will be reported in the bottom of Year 2 income statement? Is it $90,000? Operating income $20,000+ Gain on disposal $70,000
    1
    P
    Depreciation?
    Paul-95940 - 06/22/2019, 4:16 am
    What the hell? No depreciation in year 1 player?
    1
    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
    H
    relationship between A/P and expenses
    Heyrinsa - 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
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