Clifton H. Kreps, Jr., David T. Lapkin, Public Regulation and Operating Conventions Affecting Sources of Funds of Commercial Banks and Thrift Institutions, The Journal of Finance, Vol. 17, No. 2 (May, 1962), pp. 289-301

The economic meaning of conservation, 99. — The maximum efficient rate and well spacing, 101. — State regulation, 110. — The intensive and the extensive margin, 118

This article examines some economic problems concerned with profit sharing in a Socialist economy. Two alternative systems of incentives have been made the subject of parallel investigations, comparing the effects which each of these systems have on the firm's behavior. We also examine some problems of price regulation. In the investigation both linear and nonlinear programming methods have been used

The article presents questions and answers, which were prepared by the Board of Examiners of the American Institute of Certified Public Accountants and were presented as the first half of the C.P.A. examination in accounting practice on November 8, 1961. The candidates were required to solve all problems. The suggested time allowances were as follows: Problem 1: 30 to 45 minutes; Problem 2: 20 to 35 minutes; Problem 3: 25 to 35 minutes; Problem 4: 50 to 70 minutes; Problem 5: 60 to 85 minutes. The answers should be selected in accordance with the Internal Revenue Code and Regulations. In response to how the bonus and transfer of stock should be handled when the president of the Ball Corporation accepts 100 shares of $100 par value common stock, held as treasury stock, as a bonus. The treasury stock, which had been reacquired by the Ball Corporation at $90 per share nine months earlier, had a market value of $93, it is suggested that they should be handled as business expense of $9,500