[jeff]

@h0wdyus

Incorrect

The answer is B. Comparable sales.

“The use of comparable sales is not an income approach to valuation of a business, it is a market approach. Under the comparable sales approach, the value of a business is determined by comparing it to other entities with comparable characteristics for which the value is more readily determinable.”

This was a tricky one

AUD - 79
BEC - 80
FAR - 76
REG - 92

Jeff Elliott, CPA (KS)
NINJA CPA | NINJA CMA | NINJA CPE | Another71

[Anonymous]

Okay pop question time…

List two ways to calculate the operating leverage:

[NJPRU]

2 chapters of 20 complete! Microeconomics wasn't as hard as I thought it was going to be. I changed the way I'm looking at the questions and material drastically. Instead of “memorizing” definitions, I decided it was about time to truly understand what's happening using pictures and real life scenarios, etc. It's helping me better than just memorizing a concept like I did with FAR and AUD. Hopefully I can apply this strategy going forward.

Hope everyone else is having a good power weekend! 😀

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[Anonymous]

well that was a nice nap…time to get busy! 😉

[Anonymous]

well that was a nice nap…time to get busy! 😉

[Anonymous]

I *hate* getting migraines on a weekend day that was supposed to be 100% dedicated to studying. Finished B3 and made it through about 20 minutes of the IT lecture before I felt like I was gonna die. Maybe IT= migraine 🙂

[lauren725]

Still struggling to finish B1 homework. Cost accounting is not my friend. Hope to finish this up as good as I can and start looking at B2 in a few days. I also plan to start making a formula notebook like some of you have been talking about. I hope it will help some of these cost concepts come together for me. Just have to keep telling myself if I can get through FAR, I can do this. just have to be.patient.!!

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[Anonymous]

Lauren, I felt the same way when I first started B1 but eventually it came together and made sense and then B2 and B3 were infinitely easier!

[rabayahcpa]

hello, where can i found AICPA newly released questions for BEC?

[lauren725]

Amanda, thank you that is music to my ears this Monday morning. I hope everyone's studying goes well this week!

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[Anonymous]

Struggling to get through B3, the second lecture today. I watched it yesterday but don't think I retained ANY of it, so going to watch it again today. Flash-cards and memorizing don't work for me, so I need to understand the concepts! I have a pretty intensive week planned to finish B3 and get through B4. B5 and B6 are on the schedule for Saturday and Sunday, and then review/Ninja MCQ until test day on July 3rd.

[Anonymous]

So…IT sucks. ERP, MIS, AIS, blah blah blah. Who cares!!

[Anonymous]

Alright…just got home from work. Ready to hit the books!

[NJPRU]

Definitely feel like I hit a brick wall with the Income Approach for calculating GDP. lol uye!

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[Anonymous]

Remember this mnemonic…PASTED

Passive Income

Adjustments to Foreign Income

Sole Prop & Corp Income

Taxes

Employee Salaries

Depreciation

Use PING for expenditure approach.

Private Investment

Individual Consumption

Net Exports

Governmental Purchases

[NJPRU]

Thanks Casagarber! May I also ask you, and everyone else, what the best way or your way of accounting for all of the concepts in your study material.. are you using note cards or just your notes, etc?

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[Author]

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