I think Equity is easy, I just finished it (only last reading is more challenging), CF I did just before ethics it has alot of formulas, QM is hard, I think you should go for FI or Equity, FI is harder.
I hope you doing Dec Exam,
I finished EQ, CF, FI and a half QM and Im doing the exam in June and now Im having to rush alot cuz theres too much stuff left.
Can you please help me to understand question-18 of FRA (Income-tax) reading#27 (page-500), why the answer should be “C”, which is “Income tax expense”? If I understood correctly, net income should be higher.
If the valuation allowance had been the same in Year 3 as it was in Year 2, the company would have reported $115 higher: A net income. B deferred tax assets. C income tax expense.