[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

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

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

[samdiegoCPA]

OK WTF… I am still finishing up typing the Wiley book up for notes and just saw these two under Government accounting: Accounting for Pollution Remediation Obligations and Service Concession arrangements.

Have NEVER heard of that stuff in my life! What is this and omg, is anyone else studying this stuff?

AUD: 84
REG: 84
BEC: 79
FAR: 83

[Gian]

@samdiegoCPA: when are you gonna take FAR?

AUD - 69, 80
FAR - 71, rematch 01/19/2015
BEC - 01/12/15
REG - 02/23/15

If life knocks you down, try to land on your back, cause if you can look up, You can get up! No matter how bad it is or how bad it gets, I'M GOING TO MAKE IT.

[Tootsie]

I am finishing up F2 today. The sims are hard for me. 🙁 Just gotta keep doing them and hope for the best. I'm sure I'll have more questions for our study group soon!

FAR - 76
AUD - 88!!! DONE!!!!!!!!
BEC - 76
REG - 77

never, never, never give up

[Tarheelgirl]

@Toostie – Bring them on. Posting the MCQs is a good review for me because it covers all topics.

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[D C]

Question for the group. I have only used Becker materials. so should I purchase just the FAR MCQs from Wiley? There seems to be a tons of questions which are probably new to me. But I do not want to have conflicting information between Becker and Wiley.

My retake strategy is to go thru all HW questions in f1-f10 and do flash cards each day and then during the final week just a lot of f MCQs and sims. I missed the last exam by 3 pts. I hope I can get the same momentum and confidence I had. I just started to study again on Monday skimming the book writing down each JE, and reading chapter online and my own notes from my first attempt. The. I do 25-30 MCQs. Trying to do one section per day.

Hopefully this round is the last for me!

Cd

B - 80
A - 71, 67, 77
R - 71, 77
F - 72, 77
DONE!!
Becker Self-study all the way! Did use Ninja Notes & Audio for FAR.

[golfball7773]

I would buy NINJA MCQ. Better and cheaper then Wiley.

AUD - NINJA in Training
BEC - 86
FAR - NINJA in Training
REG - NINJA in Training

AUD - 71, 73

BEC - 74, 86

REG - 77*

FAR - 57

*expired

(I have been trying to become a CPA since 2013). only one test down.......

FAR: 63, 55, 62
REG: 65, 77*
AUD: Fail, 64, 71
BEC: 72, 74, 81

*expired

[Delta_Diva_]

The Pfeiffer Corporation reports net income in the current year of $800,000. Pfeiffer had a nonconvertible preferred stock paying $70,000 in cash dividends. Another $2.00 per share in dividends was paid to the common stockholders. There are 190,000 shares of this common stock outstanding throughout the year. In addition, the company has 20,000 stock options outstanding. For $2, each option can be converted into one share of common stock. The average price of the stock during the year was $8. The company has an effective tax income rate of 20 percent. What is Pfeiffer's diluted earnings per share (rounded)?

A $3.48

B $3.56

C $3.68

D $3.76

FAR:68,71,70,72 (Rematch 7/2/14)
AUD:88
REG:76
BEC:75

[ahugemistake]

I just went over the DEPS section last night so i'm not exactly perfect at this but this is what I think it is

(800,000 NI – 70,000 PS Div)/190,000 CS + (20,000 – (20,000*2/8)

730,000/190000+15000

DEPS = 3.56

you wouldn't subtract the dividends paid to common stocks because those belong to common stock holders.

FAR: 78*, 75
REG: 76*, 85
BEC: 79*, 76
AUD: 79*, 93

All scores expired, let's try this again.

FAR - 78*
AUD - 66, 79
REG - 73, 76
BEC - 79

[Jspann225]

@Delta_Diva_

For this problem you would have to subtract preferred dividends from net income

800,000 – 70,000 = 730,000

Then, calculate how many shares the company could buy back if all of the options were converted

20,000 * $2 = $40,000

$40,000/$8 = 5,000

The company can repurchase 5,000 options on the open market, so there will be an additional 15,000 shares on the market because of the option being exercised.

730,000/(190000+15,000)=$3.56

FAR - 93 - 7/1/14
AUD - 94 - 7/25/14
REG - 92 - 8/30/14
BEC - 89 - 10/6/14

[samdiegoCPA]

Can anyone answer my question above????? Please?! It's a yes/no question!

@Gian Sitting July 19th!

AUD: 84
REG: 84
BEC: 79
FAR: 83

[Anonymous]

Never dealt with that, nor have I seen them on the test.

I assuming it is comparable to a disposal fee.

[samdiegoCPA]

@BStewie1987 I haven't either but it's concerning because my last exams I used the 2012 Roger books and did not pass.

AUD: 84
REG: 84
BEC: 79
FAR: 83

[ahugemistake]

Sam I just glanced at the government section of my CPA Excel course and don't see this in there. Is this a sub category?

FAR: 78*, 75
REG: 76*, 85
BEC: 79*, 76
AUD: 79*, 93

All scores expired, let's try this again.

FAR - 78*
AUD - 66, 79
REG - 73, 76
BEC - 79

[EYNewHire]

I think you are stressing out too much over something that is highly unlikely to be tested. Focus more on the major concepts of Governmental accounting.

[Tarheelgirl]

@samdeigoCPA – I don't remember seeing those in Gleim either.

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[Author]

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