CPA Exam FAR Questions | Valuing Notes Receivable | Intermediate Accounting. Time Value of Money

In this video, I will discuss CPA exam FAR questions. CPA exam FAR questions is of of the four types of the CPA exam. CPA candidates need to be prepared to answer CPA exam FAR questions.
Are you a CPA candidate or accounting student? Check my website for additional resources such exam questions and notes:farhatlectures...
Connect with me on LinkedIn:
/ professorfarhat
Instagram Account: @farhatlectures
Facebook: @accountinglectures
Twitter: @farhatlectures
Email: [e-mail]
#CPAEXAM #intermediateaccounting#accountingstudent

[@menadilru]

Good to hear from you again, Farhat. God Bless you!

[@AccountingLectures]

thank you 🙏

[@abinetkebede1720]

Nice to see you again Prof. I learned and benefited a lot from your videos. I wish you long live!!!

[@AccountingLectures]

thank you 🙏

[@rahul.t.m5525]

Good to see you back ...hope you are recovering fast..god bless you

[@AccountingLectures]

thank you 🙏

[@sarahnicolesantos9184]

Hello Prof. Farhat! I love your vids coz it so easy to understand. But, I want to ask why did you discounted the note when in fact it was stated in the problem that "Jet does not elect the fair value option for reporting its financial assets".

[@ianmcmahon8212]

why do you convert the amount to future value first, instead of discounting 10k by .680

[@tamoragalindo3387]

I know my comment is late in the game, but that way that you calculated this answer and the answer you came up with is incorrect based on two different platforms. According to the others and the multiple choice answers provided you should be taking 10,000x.680 and then adding the interest $10000x.03x5x.680 to it. The answer is $6,800+$1,020=7820 for the Maxx loan. I am now confused. :(