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Topic: Financial released sim -April 2007 (

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divyagovil1
Major Contributor

Joined: 30 Jan 2009
Location: India
Online Status: Offline
Posts: 1456

Posted: 09 Apr 2009 at 20:38 \| IP Logged

Can some one pls provide me the final number for the "ending balance "of "total stockholders's equity" in tab#4 in "Becker review"?

This simulation is second last one in the list as April 2007 released sim!!

They have provided the JEs in solution, but no final ending balance. I want to know the final number.....

Thanks!

__________________
Divya - CO State

Passed using Becker Review :
FAR - 04/11/09 - 94
BEC - 05/30/09 - 86
REG - 08/29/09 - 95
AUD - 11/21/09 - 92
Ethics - 2011

divyagovil1
Major Contributor

Joined: 30 Jan 2009
Location: India
Online Status: Offline
Posts: 1456

Posted: 10 Apr 2009 at 13:38 \| IP Logged

Anyone ???

__________________
Divya - CO State

Passed using Becker Review :
FAR - 04/11/09 - 94
BEC - 05/30/09 - 86
REG - 08/29/09 - 95
AUD - 11/21/09 - 92
Ethics - 2011

cinnamon
Major Contributor

Joined: 12 Aug 2008
Online Status: Offline
Posts: 312

Posted: 10 Apr 2009 at 15:57 \| IP Logged

8,081,700 is the number

cinnamon
Major Contributor

Joined: 12 Aug 2008
Online Status: Offline
Posts: 312

Posted: 10 Apr 2009 at 16:04 \| IP Logged

Oh I think that the most tricky part in this sim has to do with the stock dividend. The number of shares following the stock dividend is easily calculated and so is the amount of common stock. however since it is a small stock dividend it makes you search for the market value of the shares at the time of the dividend in order to debit accordingly RE and credit APIC with a plug number. However this number is simply not provided so you might have spent half an hour wondering where the rest of the numbers went and also wondering if there is any additional info that you can't see in the fact pattern and thus you end up thinking that you are dump. Speaking of myself here. No offense to others.

divyagovil1
Major Contributor

Joined: 30 Jan 2009
Location: India
Online Status: Offline
Posts: 1456

Posted: 10 Apr 2009 at 18:37 \| IP Logged

cinnamon wrote:

8,081,700 is the number

Cool..... I got exactly the same number... Thanks !

__________________
Divya - CO State

Passed using Becker Review :
FAR - 04/11/09 - 94
BEC - 05/30/09 - 86
REG - 08/29/09 - 95
AUD - 11/21/09 - 92
Ethics - 2011

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