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The following FAR question is from the Wiley CPA Test Bank for FAR. A partnership is formed by two individuals who were previously sole proprietors. Property other than cash which is part of the initial investment in the partnership would be recorded for financial accounting purposes at the A: Proprietors book values or the fair
Stephanie is a new weekly Club 75 Blogger as she documents her journey through the CPA Exam. First, a little bit about myself and my journey. Ive been at the CPA exam for almost 2 years now. I passed my first part, REG, in March (the time the window got extended because of storms) of
Jay is a weekly columnist as a Club 75 Blogger, where he documents his journey through the CPA Exam. He has been a member of Club 75 since April 2010. Week 30: My daughters 4th birthday this weekend was awesome! It went off without a snag and everyone had a blast, most importantly the Birthday
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Thanks to everyone who has downloaded “50 Things You Must Know about the CPA Exam – 2011 Edition” and passed it on. We passed 22,000 downloads in just 4 months. Thanks again everyone for your support of the book. Jeff [download id=”15″]
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The following FAR question is from the Wiley CPA Test Bank for FAR. On June 30, 2011, Needle Corporation purchased for cash at $10 per share all 100,000 shares of the outstanding common stock of Thread Company. The total appraised value of identifiable assets less liabilities of Thread was $1,400,000 at June 30, 2011, including
Virginia is a weekly Club 75 Blogger as she documents her journey through the CPA Exam. She has been a member of Another71.com’s Club 75 since December 2010. IM FREE! ..until scores come out that is. I took REG at the end of last week and what can I say, it wasnt easy.
The following AUD question is from the Wiley CPA Test Bank for AUD. Performing inquiry and analytical procedures is the primary basis for an accountant to issue a A: Report on compliance with requirements governing major federal assistance programs in accordance with the Single Audit Act. B: Review report on prospective financial statements that present
Jay is a weekly columnist as a Club 75 Blogger, where he documents his journey through the CPA Exam. He has been a member of Club 75 since April 2010. Week 29: Hello all. Another cruddy week studying for BEC has passed. Im glad I decided to push back the exam a bit, as I
The following BEC question is from the Wiley CPA Test Bank for BEC. When designing the physical layout of a data processing center, which of the following would be least likely to be a necessary control? A: Design of controls to restrict access. B: Adequate physical layout space for the operating system. C: Inclusions of
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