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JoyKil
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Joined: 25 Sep 2009
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| Posted: 12 Oct 2009 at 18:58 | IP Logged
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I know what you mean- its frustrating to think and overthink while taking the exam and Wiley does have many tricks.
However, even though Wiley is general is tougher than the CPA exam, the overlap between the two is significant. Most of the Wiley questions are the kind of questions you would get in a "Difficult" section of the exam. So...as much as it boggles your brains, Wiley book questions is your best shot =/.
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California CPA (Dec 2009)
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blueant
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| Posted: 12 Oct 2009 at 21:48 | IP Logged
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Do you think I need to do the Multiple choice in the Wiley CD or Gleim CD for the second review?
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joecjr
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Joined: 10 Oct 2009
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| Posted: 12 Oct 2009 at 22:54 | IP Logged
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blueant I think you should get away from wiley cd and go to the book. I have same material as you and I am doing MCQ over and over, and am improving. Also, notecards have been a great help to retain all the earlier info. I go over them whenever I have 10 free minutes. It has helped me to improve on everything. still have 4 weeks though and sims in book are tough.
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FAR [83] 1109 Yaeger
AUD [90] 0510 Roger CPA
BEC [76] 0810 Yaeger/Gleim
REG [80] 1110 Yaeger
Done 12/16/2010
1year & 4months
Philadelphia, PA
joey_cjr@yahoo.com
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rrajan
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| Posted: 16 Oct 2009 at 21:30 | IP Logged
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I agree with Joykil. Wiley MCQ are tricky questions. It makes you to understand the concepts including "between the lines" So it is opportunity to understand the concepts better
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Rajan
Aim, Focus, Win
Exams Done!!!
Next - Ethics on the way
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soontobecpa
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| Posted: 24 Oct 2009 at 00:31 | IP Logged
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This is from wiley 2009 page #495. Similar question in
becker PM,with different answers.I am convinced by the
becker answer,someone please confirm.
Mobe Co reported the following operating income for its
first 3 years.
2006 300,000
2007 (700,000)
2008 1,200,000
for each year,there were no deferred income taxes,and
effective rate is 30%. Whats the total Income tax expense
for 2008.
In my calculation,Current expense would be
800,000*.30=240,000
But,There is a deferred tax asset of 400,000*.30=120,000
in 2007.In 2008,change in DTA would be (120,000) so,the
total tax expense would be 240+120=360K
Wiley's answer is 240,000-current expense alone.
Can someone pls explain.Why is wiley ignoring the
deferred portion.
Thanks!
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Done.Thank God.
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Topic: FAR - Wiley Students
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