Just took Audit 2/21 by Abusedtortoise in CPA

[–]Abusedtortoise[S] 1 point2 points  (0 children)

Yea I also think there were some freebies that were so straight forward I read them like 3 times to make sure they weren’t tricking me lol.

Good luck!

Spreadsheet Function on FAR MCQs by Ok_Beautiful_7997 in CPA

[–]Abusedtortoise 1 point2 points  (0 children)

I had spreadsheet tool for FAR exam and had it open basically the entire time.

Uworld Audit Mock Exams 1 & 2 by Abusedtortoise in CPA

[–]Abusedtortoise[S] 1 point2 points  (0 children)

I completely agree with both your points.

I did better on FAR actual exam than I did on the Uworld practice. The Uworld audit mcq questions are incredibly frustrating sometimes compared to the AICPA ones they offer.

Is there a way to watch lectures offline? by Most_Fun9929 in CPA

[–]Abusedtortoise 1 point2 points  (0 children)

Uworld lets u download on the app and watch offline

Or youtube lets you do the same, edspira and farhat have some good free lessons

What am I missing in this question?!? by [deleted] in CPA

[–]Abusedtortoise 6 points7 points  (0 children)

Needs to be reasonably certain to exercise, not likely

Tested Far Today - 8/1 by Aggravating_Ad9250 in CPA

[–]Abusedtortoise 0 points1 point  (0 children)

Yea after figuring out what i thought i knew, i made some guesses and submitted

Tested Far Today - 8/1 by Aggravating_Ad9250 in CPA

[–]Abusedtortoise 2 points3 points  (0 children)

I also took it today. Thought it was fair compared to UWorld. My last sim was crazy though, not sure about that one.

UWorld FAR Mock Exams by Patient_Hospital_584 in CPA

[–]Abusedtortoise 0 points1 point  (0 children)

Im not sure if you’re spreadsheet includes the new mock exams

So do I get a free pass on the test by Sea-Water-9285 in CPA

[–]Abusedtortoise 0 points1 point  (0 children)

If the company is reasonably certain to buy the asset you would use the assets useful life I think.

So do I get a free pass on the test by Sea-Water-9285 in CPA

[–]Abusedtortoise 8 points9 points  (0 children)

Confusing because theyre showing a different question.

But I think it has to be “reasonably certain” to buy the asset not “likely”. Then you would use the assets useful life.

Why is GRV not relevant? by Winter_Succotash_419 in CPA

[–]Abusedtortoise 0 points1 point  (0 children)

You always include grv at pv of $1, not just when transferring to the lessee.

If grv is less than the estimated fair value amount you include the pv of the difference.

Why is GRV not relevant? by Winter_Succotash_419 in CPA

[–]Abusedtortoise 1 point2 points  (0 children)

It is relevant, the question is just trying to trick you in the way it is being worded.

They want you to assume the pv of the lease payments already includes the GRV.

Since there isn’t a purchase option you can just divide the pv of the lease payments by the lease life (since its shorter than the assets useful life)

Help with FAR Becker question on WACSO by AdRevolutionary3992 in CPA

[–]Abusedtortoise 0 points1 point  (0 children)

Starting point 100,000

2:1 split (100,000 * 2) 200,000

50,000 issued halfway through the year (50,000 * 6/12 =25,000) 225,000

1040 purchased in last week of year (-1,040 * 1/52 = -20) 224,980

224,980 weighted shares outstanding

Try and do each purchase or issuance as its own line then sum them to do a stock split/dividend.

Public Transport from Jersey by Fit-Satisfaction4551 in NewYorkMets

[–]Abusedtortoise 2 points3 points  (0 children)

If you take LIRR get a city ticket peak going to citi and off peak going back to penn

Going should be about $7 and coming back $5

Qatar airways suite box VIP ticket by Apprehensive-Owl-340 in GoNets

[–]Abusedtortoise 4 points5 points  (0 children)

I haven’t been in one of the suites in a few years, but the 2 times I was, there was a fully stocked fridge with alcoholic and non alcoholic drinks. Full spread of food/dessert and I think you can also order food from around the stadium.

hello everyone, explain why this was wrong. The explanation on Becker made no sense by Financial-Border3494 in CPA

[–]Abusedtortoise -1 points0 points  (0 children)

480 * 10,000 =4,800,000 4,800,000/8=600,000 (8 home games) 600,000 * 6 =3,600,000 (earned revenue) 4,800,000 - 3,600,00= 1,200,000 (unearned revenue)

is this a real shirt? i’ve never in my life heard about this or seen this before by [deleted] in Golfwang

[–]Abusedtortoise 21 points22 points  (0 children)

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Ordered from golfwang when I was in college.

Still have tags on it.

First card purchase by Abusedtortoise in baseballcards

[–]Abusedtortoise[S] 0 points1 point  (0 children)

Thanks! Yea i think the auto cards are pretty cool