The article presents problems that were prepared by the Board of Examiners of the American Institute of Certified Public Accountants. The candidates were required to solve problem one through four and either five or six. It informs that the answers should be selected in accordance with the Internal Revenue Code and Regulations effective for fiscal years ending in 1963. Some of the topics covered by questions are: partnership, taxable income, stock, sick pay and others.

The article focuses on problems and solutions that were prepared by the Board of Examiners of the American Institute of Certified Public Accountants and presented as the first half of the Certified Public Accountant examination in accounting practice on November 6, 1963. Candidates were required to solve 5 problems within a maximum time period of 270 minutes. The first problem comprised of a set of 20 multiple choice questions. The second problem asked for the preparation of a statement on the accrual basis of the total expense of taking and processing blood by Hillcrest Blood Bank. The third question asks for assistance in filing a loss claim under the Zuba Manufacturing Company's business interruption insurance policy. The fourth question asks of the preparation of a statement of account for the increase in cash for the year ended October 31, 1963 for the General Medical Institute. The last question calls for making of computational schedules for various costs, contracts, income tax provision and liability for the Zuba Manufacturing company.

The article presents some problems on accountancy, which were prepared by the Board of Examiners of the American Institute of Certified Public Accountants (CPA) and were presented as the second half of the CPA examination in accounting practice on November 7, 1963. Candidates were required to solve problems 1 through 4 and either 5 or 6. The suggested time allowances for each problem are also given in the article. In one question, details of a hypothetical company, the Jarman Corp., which adopted a pension plan for its employees on January 1, 1961, are provided. A trial balance of records of the plan at December 31, 1962 and provisions of the plan are also given in the article. The examinee is required to prepare a schedule, computing the corporation's contribution to the plan for 1962, prepare a schedule computing the vested interests of participants terminating their employment during 1962, prepare a schedule showing the allocation of the corporation's 1962 contribution to each participant and to prepare a schedule showing the allocation of the plan's 1962 income on investments and forfeitures by terminated participants.

The article presents information on accounting examinations. The following problems were prepared by the Board of Examiners of the American Institute of Certified Public Accountants and were presented as the second half of the Certified Public Accountant examination in accounting practice on May 16, 1963. The candidates were required to solve problems 1 through 4 and either 5 or 6. The suggested time allowances were as follows: thirty-five to forty-five minutes for problem 1, thirty-five to forty-five minutes for problem 2, fifty to sixty minutes for problem 3, fifty to sixty minutes for problem 4 and fifty to sixty minutes for problem 5 or 6. Problem 1 presents certain objective questions related to accounting. Problem 2 is concerned with the preparation of the trial balance of a partnership firm. Problem 3 is concerned with the preparation of the shareholders accounts, the journal entries for the books of Groth Corp. recording the merger with Dekline Corp. as a pooling of interest. Problem 4 is concerned with the preparation of the company accounts for the machinery department.

This article provides information about professional examination of accounting. The following problems were prepared by the Board of Examiners of the American Institute of Certified Public Accountants (C.P.A.) as the first half of the C.P.A. examination in accounting practice on May 13, 1964. The candidates were required to solve problem one through four and either five or six. Time allowances were assigned as per the problem. Some of the questions were, John Andrews is a principal partner in two separate partnerships, A and B, Partnership A's fiscal year ends June 30 and Partnership B's ends September 30. As partner, Andrews' share of the partnerships' taxable income for the fiscal years ending in 1963 was $8,000 and $20,000 respectively. Andrews, who reports on a calendar year basis, would report taxable income for 1963 from partnerships of, five options were provided, out of which one was correct. Another question was, in computing the taxable income of a partnership for 1963 a deduction is allowed. Five options were provided for the same.

This article presents an account of problems prepared by the Board of Examiners of the American Institute of Certified Public Accountants and that were presented as the first hail of the Certified Public Accountants examination in accounting practice on November 7, 1962. The candidates were required to solve all problems. One of the problem stated that Bessie Smith, age 65, is the widow of Alan Smith, who died in 1960 at the age of 72. Mrs. Smith has never worked; however, she collects social security benefits based upon her husband's 15 years of covered earnings. She has no dependents. Further details regarding the income for the year 1961 were giver and the examinees were required to fide total dividends to be included in adjusted gross income of the widow, rates at which Smith's income tax is computed and Smith's retirement income credit. Question were also based on taxable interest, cost depletion, percentage depletion, installment method, gross income and depreciation. Time limits information has also been provided.

The problems mentioned in the article were prepared by the Board of Examiners of the American Institute of Certified Public Accountants, an organization and were presented as the second half of the CPA examination in accounting practice on November 8, 1962. The candidates were required to solve problems 1 through 4 and either problem 5 or 6. The suggested time allowances were as follows: Problem 1, 25 to 35 minutes; Problem 2, 50 to 60 minutes; Problem 3, 50 to 70 minutes; Problem 4, 30 to 45 minutes; Problem 5 or 6, 40 to 60 minutes.

The article presents problems prepared by the Board of Examiners of the American Institute of Certified Public Accountants that were presented as the second half of the CPA examination in accounting practice on May 17, 1962. The first problem presents a case in which Lewis Co., a manufacturer of heavy machinery, grants a four year warranty on its products. The estimated liability for product warranty account transactions are provided. Additional information from the company's records at the end of the current year are also provided. The students are required to prepare the necessary adjusting journal entries giving effect to the proper accounting treatment of product warranty and federal income taxes. Another problem provided in the paper presents the audit of Lauren Corp. which has been completed and the preparation of federal income tax return for 1961 is in progress. Information and data developed during the audit are provided. The students are required to prepare a schedule showing the computation of taxable income for 1961.

The article presents various problems, which has been asked in the accounting examination. The problems were prepared by the Board of Examiners of the American Institute of Certified Public Accountants (CPA) and were presented as the first half of the CPA examination in accounting practice on May 16, 1962. The candidates were required to solve all problems. The suggested time allowances were as follows, problem 1, 30 to 45 minutes; problem 2, 40 to 50 minutes; problem 3, 25 to 35 minutes; problem 4, 40 to 60 minutes and problem 5, 60 to 80 minutes. Some of the problems include, A, who is single, supports his 70-year-old father. During the year A paid doctors' fees of 1,250 dollar in connection with an illness of his father. A's adjusted gross income for the year was 10,000 dollar. Here to find out A's entitlement to a medical expense deduction; In 1961 a farmer sells for 10,000 dollar five acres of land which had 500 bushels of grain standing on it at the time of sale. The land cost 3,000 dollar in 1941 and his expenses of planting and raising the grain were 250 dollar. The fair market value of the standing grain was 1.00 dollar per bushel. Here to find out the capital gain.

This article presents the problems asked in the second half of the Certified Public Accountants. examination in accounting practice on November 9, 1961, prepared by the Board of Examiners of the American Institute of Certified Public Accountants. Overall six problems were there and the candidates were required to solve problems 1 through 4 and either 5 or 6. Problem #1 relates to the Specialties Co., Inc., which is engaged in manufacturing and wholesaling two principal products. As their accountant, candidates have been asked to advise management on sales policy for the coming year. Two different plans, considetred by the management, either of which is believed to increase the volume of sales, reduce the ratio of selling expense to sales and decrease production costs, are given. The second problem requires to prepare a schedule for a partner of a partnership business. The third problem relates to a client, who reports for accounting and tax purposes on the accrual basis, given the details of his dividend income account. The fourth problem mentions a manufacture gewgawsing in three steps or departments. The Finishing Department being the third and last step before the product is transferred to finished goods inventory. And the final problem asks to prepare a worksheet for consolidated statements, while showing the investment and retained earnings accounts of the company. The article also presents the solutions for all the given problems.