[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]

Update: I really dislike the last part of B1.The first and second lectures and homework from B1 was a nice change, but the last lecture/homework is taking me forever! I am not the biggest fan of cost accounting and there is 107 questions… from what I have seen they're all long ones too! I am having a hard time staying focused on this section! And from what I hear there is more cost accounting to come… great!

[Anonymous]

Plenty of calculations in BEC!

[Anonymous]

Just got thru the B2 lecture…yikes. Now I'm a little nervous- it's very math intensive. I'm hoping that once I get into the MCQs it's more straight forward than it seems right now.

[Anonymous]

I guess I underestimated BEC! Whoops. I'm still on schedule but I am feeling a little nervous now too

[Anonymous]

Good Morning BEC peeps! Today my goal is to finish up corporate governance lectures and go over Wiley book questions and Ninja MCQ.

[vlc1982]

Retakers: Are you guys watching video lectures again? Trying to figure out if I should do that or just read the book/review notes.

FAR 66, 80
AUD 86
REG 76
BEC 74, 77 - DONE!!

Yaeger, Ninja MCQ for BEC
TX Candidate

[Monkey Wrench]

Exam is the first week of July. Got through the material, but struggling with the cost accounting.

CPAexcel and newly added NinjaMCQ.

[zumbasweety]

Good morning everyone! To those of you that have not taken the exam yet, my best piece of advice-SLOW DOWN! As I'm going through my review materials, I know the information. I was very well prepared for the exam, but for some reason, I rushed through. READ THE QUESTION!! BEC is very tricky in that one word can change the entire question. I'm so mad at myself b/c the test I got was over all material I know very well, but I didn't take the time during my MCQ to slow down and understand what exactly the question was asking me. I hope I didn't blow my chance at “my exam” and get a ridiculously hard one on retake! I'm studying like I need 75 points, not just 4, so hopefully it will be okay regardless of the test I draw. Good luck to everyone!

FAR 82
REG 76
BEC 71, 78 (There is a light!!!)
AUD 69, 83 (DONE!!!!)

[ThatCPA]

So I fail BEC once again and this one exam is pissing me off big time. I retake the exam Aug 14th and not sure where I should begin or how I should tackle this information. Any suggestions?

Also, my AUD score expire 8/22/14 if I don't pass BEC in the next retake, so my question is do I need a passing score before the expiration date of my AUD score or just have retested before 8/22? I don't want to lose my score waiting too late to test but can't test too early.

AUD - 53, 71, 77, 78 PASSED
BEC - 60, 74, 74, 67, 72, 75 PASSED
FAR - 43, 24, 74, 79 PASSED
REG - 70,68, 82 Lost Credit, 83 PASSED

Becker 2010, 2011, 2012, 2013 and 2014 edition, Becker self study & live class and Wiley CPA 2009

Ready for this CPA journey to be over and done!!!

[fiona87]

Finished up module 40 last night (watching videos, reading the chapter/taking notes, working all the MCQs in the book) and on to 41 today. Using Yaeger, Wiley, and will probably be getting NINJA Audio/Notes on payday. 🙂

FAR - 79 (11/27/13)
AUD - 76 (2/1/14)
REG - 77 (5/30/14)
BEC - 88 (7/18/14)

MN Ethics - 100% (3/9/14)

AND DONE! 8/1/14

[taxgeek83]

@Fiona – nice to see a fellow Yaeger student in here! I'm still working through Module 42 – fiscal policy is on tap for tonight. Yay…. 🙂

Excited to get through all of the lectures and hit the Ninja test bank!

[Anonymous]

PRACTICE:

What would make a director not independent according to the NYSE and NASDAQ?

If I you answer you have to ask a new question for somebody else to answer 🙂

[Happen4reason]

Is anyone studying with Ninja MCQ? I am retaking BEC (received a 71 last window) and I am really finding the NINJA MCQ to be challenging. I am averaging 65% and I have been through the material once but I still have 3 weeks of studying left so I am not panicking yet. I just find it concerning how poorly I am doing.

[taxgeek83]

I have the Ninja MCQ but won't hit them until I finish the lectures, etc. Based on past experience with AUD and FAR, I don't expect to do too well on my first pass through the test bank. I think the trick is to get through it, figure out where your weak areas are and hit those over and over until you understand the material. Yay for adaptive learning!!

[Anonymous]

Taxgeek and Fiona…I am also using Yaeger . I am re-watching lectures (trying to focus on listening instead of taking tons of notes this time..only taking notes on fact nuggets I didn't know before) but not reading all the chapters again unless I don't understand something. I think my time is better spent on MCQ. I also just purchased Ninja MCQ but haven't started using it yet. Going to use it tonight.

Amanda…a director is not independent in the following instances;

-He/she was an empoyee of the company within the last 5 years

-family member is an officer of the company within the last 5 yrs

-worked for external audit within last 5 yrs

-made >120k (12 mth period) within the last 3 yrs

-other financial ties to the company

We need to look at each situation bc some exceptions apply.

Didn't use my notes/book so correct me if I'm wrong

What Act Requires the compensation committee to be independent?

A. Sarbanes Oxley Act

B. Dodd Frank Act

C. Compensation Act

D. Executive Act

[Author]

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