[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

[Tax lady]

Hey OneGiant! I think BL is important, however, this is something I studied first so that tax would be the last thing and fresher on my mind. I would definitely understand as much as possible. What areas do you struggle with?

AUD - 80
BEC - 75
FAR - 85
REG - 82

CPAExcel, Ninja MCQ's

REG 8/15/14 (73); 11/13/14 (82)-expired 🙁
AUD 5/30/15 (80)
BEC 11/28/15 (75)
FAR 7/30/16

Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

[Tax lady]

@Bucky. I wondered that too. I thought it was called AAA for S-corp.

AUD - 80
BEC - 75
FAR - 85
REG - 82

CPAExcel, Ninja MCQ's

REG 8/15/14 (73); 11/13/14 (82)-expired 🙁
AUD 5/30/15 (80)
BEC 11/28/15 (75)
FAR 7/30/16

Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

[Anonymous]

@OneGiantWarrior – I studied Law first and then Taxes. I need to go back and review still.

[WANNABE_CPA]

@Bucky…S corp has AAA…Accumulated Adjustments Account..That has accumulated earnings and profits since inception.

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[Tax lady]

@wannabe. Good question. My first gut reaction is that they would be carried fwd just as a C-corp would but I'm not positive.

AUD - 80
BEC - 75
FAR - 85
REG - 82

CPAExcel, Ninja MCQ's

REG 8/15/14 (73); 11/13/14 (82)-expired 🙁
AUD 5/30/15 (80)
BEC 11/28/15 (75)
FAR 7/30/16

Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

[Anonymous]

@Tax Lady – I have AAA in my notes as well! Seems like a similar concept.

[WANNABE_CPA]

Yes but thats what they are refering too, i guess they might not mention AAA in all questions.

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[WANNABE_CPA]

Ok so for the Short term capital gain , lets do this question, i ll post in next post

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[linkman311]

How do you guys tackle research questions? I'm able to find most of them but every now and then there's one which doesn't seem like it would be hard and I try searching by any and every variation of words in the question in advanced search but just can't find it…and then the solution's suggested keywords are synonyms of the key words they use in the question, but how am I supposed to have known to search by those words?

Confidence is a prerequisite for success

FAR - 1/1
AUD - 1/1
BEC - 1/1
REG - Q4

Have Becker, wish I got Roger

[Tax lady]

@linkman. In my opinion, the research question is the easiest one. Maybe your review software is giving you harder questions than what will actually be on the exam? I didn't have any problems. That's the only one I felt 100% about the first time!

AUD - 80
BEC - 75
FAR - 85
REG - 82

CPAExcel, Ninja MCQ's

REG 8/15/14 (73); 11/13/14 (82)-expired 🙁
AUD 5/30/15 (80)
BEC 11/28/15 (75)
FAR 7/30/16

Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

[WANNABE_CPA]

Stahl an individual owns 100% of Talon , an S corp. At the beg of the year , Stahls basis in Talon was $65000. Talon reported the following items from operations during current year:

ordinary loss 10000

Municipal interest income 6000

long term capital gain 4000

short term capital gain 9000

What was stalon's basis at year end:

A 55000

B 56000

C 50000

D 61000

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[Anonymous]

@Wannabe – according to my notes, Unused losses (due to inadequate basis) are carried forward indefinitely (until the adjusted basis of the stock increases or the S election is revoked).

[Tax lady]

I think the 9,000 should be a capital loss and it should be B. I remember this question from Ninja and/or our review last night. 😀

AUD - 80
BEC - 75
FAR - 85
REG - 82

CPAExcel, Ninja MCQ's

REG 8/15/14 (73); 11/13/14 (82)-expired 🙁
AUD 5/30/15 (80)
BEC 11/28/15 (75)
FAR 7/30/16

Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

[Anonymous]

That's why my total wasn't agreeing with any of the choices! Whew!

[WANNABE_CPA]

That is right..I was confused too about carrying it forward and not deducting it…But answer came other way..

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[Author]

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