exaMENTOR

Not sure how to stay motivated and top of your game for the next several months leading up to the SOA and the UFE? Here is a great article that provides helpful advice on how to talk yourself through the stress, loving the grind, staying optimistic and more. http://www.theatlantic.com/health/archive/2014/02/how-olympians-stay-motivated/283643/

How Olympians Stay Motivated Mindfulness, self-talk, and an obscure chunk of the brain help elite athletes get through the training grind.

Experienced SOA writer? Here is the second part of a blog written by one of our successful SOA / UFE writers! Read on!
http://examentor.ca/part-2-from-experienced-soa-writer-to-successful-ufe-candidate/

examentor.ca – Part 2 – From Experienced SOA writer to Successful UFE candidate! Another trap I had fallen into for two years straight was related to the handbook. Yes, it is available during the exam. Yes, you can look stuff up, if you need to… but in reality there is no time for that....

Experienced SOA writer? Wondering what it takes to finally pass the SOA and pass the UFE on the first attempt? Need a key to unlock that door? Check this out: http://examentor.ca/from-experienced-soa-writer-to-successful-ufe-candidate/

examentor.ca – From Experienced SOA writer to Successful UFE candidate! Here at exaMENTOR we know that preparing to write any exam for the second, third, fourth time is not easy. That is why for the next several days we will be featuring a blog from an experienced writer, Vasily Ryabov, who was a repeat writer at the SOA, but after having successfully passed it in 2012,...

A publicly owned company, myPhone Inc., specializing in the production of cellular phone accessories, has filed a $1,200,000 lawsuit against its main competitor claiming patent infringement. This is one of several patent-related lawsuits that myPhone has filed against its competitors. Management believes that the probability that the lawsuit will be successful is less than 5%.

How should myPhone Inc. treat this transaction in its financial statements?

A. Do not record / do not disclose the contingent gain.
B. Disclose the contingent gain but do not record the gain.
C. Disclose the contingent gain and record $1,200,000 gain in profit or loss.
D. Disclose the contingent gain and record $1,200,000 in OCI.