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WanabeACPA
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Posted: 20 Nov 2011 at 19:23 | IP Logged  

If you have Becker go read R3-48 at the top of the page

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AUD - 91
FAR - 82
BEC - 87
REG - 11/30
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gppg
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Posted: 20 Nov 2011 at 20:58 | IP Logged  

Thanks guys, I got it. I missed the part that the corporate gain increases the E&P, that's why I kept on thinking the E&P is limited at $185,000. 
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Hopeful23
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Posted: 21 Nov 2011 at 19:27 | IP Logged  

This has to be the most difficult chapter in
Regulation...for me anyway...Having a hard time
understanding corporate AMT...Im spending too much time on
this chapter this is my second day trying to piece
everything together....sigh
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WanabeACPA
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Posted: 22 Nov 2011 at 00:15 | IP Logged  

What areas are you struggling with? When are you taking the
exam?

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REG - 11/30
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Hopeful23
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Posted: 22 Nov 2011 at 18:28 | IP Logged  

Taking the exam on 11/30 which doesn't give me much
time...I am using Becker, watched the lectures, and did the
mc in the homework but never seem to comprehend some of the
questions. I mean I understand them after the answer is
selected but I cannot remember all of the rules that apply
to everything this chapter just consumes me
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