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jingwoo3
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Joined: 29 Aug 2009
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Posts: 63
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| Posted: 06 Mar 2010 at 02:26 | IP Logged
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will take the FAR at the end of May...cannot postpone my NTS lol.
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nstruman
Newbie
Joined: 14 Jan 2010
Location: United States
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Posts: 11
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| Posted: 06 Mar 2010 at 11:48 | IP Logged
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I'll be sitting for FAR on May 3. I have been using yaeger for 1 week now. I am hoping I have time to finish all the modules and CRAM.
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LENA
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Joined: 18 Nov 2009
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Posts: 72
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| Posted: 06 Mar 2010 at 12:22 | IP Logged
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nstruman wrote:
I'll be sitting for FAR on May 3. I have been using
yaeger for 1 week now. I am hoping I have time to finish all the modules
and CRAM. |
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I finished all modules in 2 weeks and when I finished the last one I was like
"what the h... was in the first few modules" .. definitely needs a lot of
repetitions for this kind of material to sink in :)
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desivagal
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Joined: 19 Feb 2009
Location: United States
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Posts: 97
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| Posted: 06 Mar 2010 at 12:51 | IP Logged
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Could someone help me with this?
Only July 1 of the current year, Dewey Co. signed a 20-yr building lease that it reported as a capital lease. Dewey paid the monthly lease pymts when due. How should Dewey report the effect of the lease pymt in the Financing Activities of its statement of cash flows?
a. an outflow equal to the current year principal pymts only.
b. the lease pymts should not be reported in the financing activities section.
The answer is A. However, I thought the answer would be "B" because its a property and acquiring of PPE is an investing activity.
Please help!
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arosecpa
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Joined: 21 May 2009
Location: United States
Online Status: Offline
Posts: 52
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| Posted: 07 Mar 2010 at 12:44 | IP Logged
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New to the Far board. Waiting on Reg scores..Testing in ca on May 29 if pass Reg. Good luck to all!
__________________
AUD 5/22/09-80
BEC 8/30/09-77
REG 2/19/10-78
FAR 8/7/10-75
Ethic- next!
Passed all four on first try with hard work and God's help! Mom with full time job. You can do it!! Don't give up.
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Topic: FAR - Apr/May 2010 Window
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