The article presents information about problems that were presented by the Board of Examiners of the American Institute of Accountants as the second half of the May, 1944 examination in accounting practice. The first question asked for the preparation of a balance-sheet and an income account for the year ended December 31, 1943 of Moran Realty Company on the basis of some information provided. The second question asked for the preparation of a statement of factory accounts, showing costs, variances and inventory balances of the Taylor Manufacturing Company on the basis of given data. The third question required computation of net income of The Baltic Corporation for its 1943 federal income-tax return and preparation of a reconciliation of taxable net income and net income as per information provided by their books. The first question carried 25 points, the second question was assigned 15 points and the third question was allotted 10 points. All questions had to be solved within a time frame of 240 minutes.

The article presents details of problems presented by the Board of Examiners of the American Institute of Accountants as the first half of the May 1944, examination in accounting practice. The time allowed to solve all problems was four and a half hours. Accountants are supposed to prepare from the following data a statement of net assets of A as at December 1-10, 1943 and changes during the period ended December 10, 1943. A, a sole proprietor, intends to form a partnership with B, Because of A's failure to keep records, however, he cannot furnish to B statements indicative of financial position and earnings to serve as a basis for determining the respective capital interests of the prospective partners and for reaching agreement on other financial matters. Accordingly, it is agreed between A and B that A should continue operating as a sole proprietor for a six-month period ending May 31, 1944 and to keep proper accounting records to serve as a basis for the drafting of a satisfactory partnership agreement.

The article presents three problems, which were presented by the Board of Examiners of the American Institute of Accountants as the second half of the November, 1943 examination in accounting practice. Each problem was assigned weights as follows: problem 1, 14 points, problem 2, 20 points, problem 3, 16 points. The time allowed to solve all problems was four and a half hours. In problem 1, columnar work schedule was supposed to be prepared with the help of data given in the problem. In problem 2, with the help of certain data given in the problem, students were asked to prepare a columnar work schedule showing the June 30, 1943, balance sheet before and after the proposed reorganization, with explanatory adjustment columns for the necessary changes in several balance sheet items. Students were also asked to prepare a statement showing the effect of the proposed reorganization upon annual bond-interest and amortization charges and dividend requirements. In problem 3, students were asked to prepare a comprehensive columnar work-sheet showing adjustments to the bookkeeper's statement with the help to certain data given in the problem.

The article presents problems presented by the Board of Examiners of the American Institute of Accountants as the first half of the November, 1943 examination in accounting practice. From the data given, students were required to prepare a consolidation of balance-sheets of the Top Holding Company and its subsidiaries. The investments in R Co. stock are carried at cost less subsequent net losses, investments in S Co. stock at cost. Bonds were acquired at $1,500 discount and are held for cancellation. Students were required to prepare statements of principal and income for the executor, covering the period from January 15 to January 31, 1943. In another problem businessman Alex Dunn, Jr., died on January 15, 1943, his records disclose certain estate. On July 1, 1925, the late Alex Dunn, Sr., created a trust fund, with his son, Alex Dunn, Jr., as life tenant, and his grandson as remainderman. The assets in the fund consist solely of the outstanding capital stock of Dunn Inc., namely, 2,000 shares of $100 each. Students were required to prepare the cash settlement between partners, taxable profit or deductible loss of partners and tax basis to purchasers of assets bought December 31, 1942.