[Anonymous]

If I’m taking a simulation in FAR and it asks for a loss number, for example:

Gain [ text field ]

Loss [ text field ]

Note: No parentheses are around the loss, the above are just boxes next to the text.

and I calculate a loss for the transaction in question, gain will be 0 but what do I put for the loss? Should I put the number without a minus sign? Or with a minus sign?

I’m worried I’ll blow this by putting a minus sign when I’m not supposed to or forgetting to put one in if I’m supposed to.

Wiley test bank online seems to think it should be a positive integer.

[Megan]

Losses are debits, so if that's the context, then a positive number would be right.

BEC 52, 61, 74, 77
AUD 80
REG 75
FAR 50, 60, 70, 74, 83...DONE!!
..Texas.. Baby #2 born 4/11/11

[pattibelle]

I found that same problem in the practice q's, but the exam specifies what to use.

AUD - 89
REG - 79
FAR - 82
BEC - 84

[Anonymous]

Yeah, the exam will specify “if the number is a loss, use a negative number.” or whatever.

[Author]

Replies