[shamelesshamus]

How strict is it on including something as a negative/positive in the FAR sims?

I’m doing the final review SIM for 6A and have noticed that I occasionally list something as a negative, whereas the Becker answer lists it as a positive.

Example:

SIM 6A part 3:

It has 2 boxes and asks you to calculate the other comprehensive income, and then comprehensive income.

OCI is composed of multiple losses and one gain, that totals up to (77,000). However, Becker lists the answer as $77,000.

Comprehensive Income = Net Inc + OCI

Comprehensive Income = 460,000 (given) + (77,000) = 383,000

We agree on the answer for total comprehensive, but are listing our OCI at opposing values.

Am I just doing this wrong? It would seem to me that if the sum of all the parts of OCI are a net loss then it should be reported as a loss.

BEC- 92
FAR- 93
AUD-
REG-

[Anonymous]

Are you sure it doesn't say something like “loss of $77,000”? If it is listing it as a gain and yet deducting it from total income, then it sounds like an error in Becker to me.

[Anonymous]

Are you sure it doesn't say something like “loss of $77,000”? If it is listing it as a gain and yet deducting it from total income, then it sounds like an error in Becker to me.

[shamelesshamus]

Must just be an error in Becker then.

It just has “Comprehensive Income:” and the box beside it lists 77,000 for the solution. Oh well.

BEC- 92
FAR- 93
AUD-
REG-

[shamelesshamus]

Must just be an error in Becker then.

It just has “Comprehensive Income:” and the box beside it lists 77,000 for the solution. Oh well.

BEC- 92
FAR- 93
AUD-
REG-

[Author]

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