CPA Exam FAR full analysis: what the $39 report shows
Practice and timed mocks are free, with right or wrong on every answer and your total score.
A real question from the full analysis
This is how each question you miss appears in the report. The question, the right answer, the explanation and the source are real. The answer shown as yours is an example, not anyone's data.
A company has 100,000 shares of $1 par common stock outstanding. It declares and distributes a 10% stock dividend when the market price is $15 per share. What amount is credited to additional paid-in capital?
- A $150,000
- B $10,000
- C $140,000
- D $0
Example answer, marked sure: A · Correct answer: C
C: a small stock dividend (below roughly 20 to 25%) is recorded at fair value. 10,000 new shares x $15 = $150,000 is moved out of retained earnings, $10,000 goes to common stock at par, and the other $140,000 to additional paid-in capital. A is the total debit to retained earnings. B is the par value credit. D would apply to a stock split or a large stock dividend recorded at par. Rule to remember: stock dividends shift amounts within equity and do not change total equity.
Readiness by domain uses the weights of the real exam: Area I: Financial Reporting 35%, Area II: Select Balance Sheet Accounts 35%, Area III: Select Transactions 30%.
What the full analysis adds
- The right answer to every question, the explanation, and the primary source it comes from.
- Readiness by domain, weighted like the real exam, so you know which domain would sink you.
- Where you were sure and wrong: the answers that would cost you on exam day.
- Time per question by domain, against the exam clock.
- Every question you missed, in one list, with its explanation.
- A study plan that starts with your weakest domain: what it covers, the key concepts, and the official sources to read.