[cpaplzgoaway]

Anyone know how get to the beginning CAR amount at acquisition date (CS/APIC/RE) if Year end C/S = 1mil, APIC ($500k) and RE ($500K) are given ? income is $350k, dividend is $150.

Answer are : C/S = $1mil ???, APIC $400 ???????, RE= $300k.

Begin RE = ending RE + dividend – income = $300k , but i am not sure how they get to APIC = $400k and C/S of $1mil

[BBHYX]

I think I remember seeing this problem in the becker book and staring at it for a very long time. I lowkey think the 500 given for the YE APIC is a typo. If you took at the problem where it gave you that info, it says CS 1mil+ APIC 500k+ RE 500K = 1900k, summed at the bottom. Obvious, that does not add up… I think APIC is supposed to be 400k both before and at YE (doesn't change) and becker book had a typo.

Becker for all

AUD - 87 (Q2 2017)
FAR - 97 (Q3 2017)
REG - 95 (Q3 2017)
BEC - 98 (Q3 2017)

[cpaplzgoaway]

oh god you are right 😀 . omg i have been searching everywhere but couldnt come to a right conclusion ahah. thanks so much xyz107 ^_^

[BBHYX]

No problem! There's also a typo in the income tax section later on that drove me crazy for a while. I ended up going to the video/ebook to see their explanation and saw that the ebook fixed for the typo. If you end up seeing something later in that chapter on that makes no sense, you can try seeing if the ebook shows something different haha

Becker for all

AUD - 87 (Q2 2017)
FAR - 97 (Q3 2017)
REG - 95 (Q3 2017)
BEC - 98 (Q3 2017)

[cpaplzgoaway]

aha 1 little typo can do huge damage to our study , thx a bunch xyz107 🙂

[Author]

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