WST Self-Study Q&A

Topics related specifically to our WSTSS online courses (www.wstselfstudy.com) including ERRATA postings

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Last 10 posts

Sale Impact on Equity
Since something that is sold would already be included as COGS, wouldn't that mean that its sale would have no net impact on equity in the accounting equation because COGS is decreasing by the same amount that cash or A/R is increasing?
Go to post added 2 weeks ago
Video Glitch
The last two minutes of the video for this module will noy play so I am not able to perform the exercise.
Go to post added 2 months ago
PDF with Instructions
Hi there, I'm looking for the PDF with the instructions to download the macros. I cannot find them anywhere. Thanks for the help!
Go to post added 8 months ago
Cash Flow Statement: Future Minimum Cash Payments
Hi, during the 'How to Analyze a 10K' portion of my course, Mr. Lin mentions, "future minimum cash payments must be reflected on the cash flow statement." I'm curious where this would be included. Thanks so much for the help!
Go to post added 8 months ago
Question about Change in Comprehensive Income
Hi Mr. Lin, for the change in Comprehensive Income, you include (from the S/H - EQ section of the 10K): $963 (unrealized gain on derivative contracts, net of deferred tax expense of $643) and $678 (Other). Why don't you include $502 from the Balance Sheet (unrealized loss on interest rate swaps)?
Go to post added 8 months ago
Interest Reserve
Let's say the construction loan is good for 24 months but the actual construction period is only 22 months. Hypothetically it has been determined revenue will not be sufficient enough to make any payments on a loan until month 25 resulting in two additional months beyond construction completion that... Read More
Go to post added 1 year ago
IRR Calculation
I get 23.5% for IRR (with TV) not 29.6%
Go to post added 1 year ago
Control D
when you used control d to paste down, then had to underline the bottom cell, if you used paste special - formulas instead, the bottom cell would still be underlined
Go to post added 2 years ago
2008 Diluted EPS
That number should be 3.34, not 3.33. this changes the growth rate from the erroneous 10.5% in the video to the correct 10.2%
Go to post added 2 years ago
Control R vs Paste Special
Why use Control R over Paste Special when pasting to the right? Control R may paste over some unwanted stuff or remove borders. For example, for Diluted EPS growth if you'd pasted it in it removes the bottom borders. I know you redid the formulas for that one, but Paste Special Formulas worked perfe... Read More
Go to post added 2 years ago