The article presents problems prepared by the Board of Examiners of the American Institute of Certified Public Accountants (CPA) that were presented as the second half of the CPA examination in accounting practice on May 13, 1965. The first problem is related to the sale of an apartment house the accounting records for which are maintained on the cash basis method. For the quarterly audit, the information available includes that the apartment building and land were purchased for $223,000. The building was being depreciated over a 40-year life by the straight-line method for the purposes of both reporting and income taxes. Accumulated depreciation after three-and-a-half years was $17,500. No depreciation has been recorded on the books after that. The contract of sale stated that the price for the land on which the building was built was $25,000. The purchase money mortgage payments are $1,000 per month plus accrued interest. The students were required to prepare the adjusting journal entries to record the sale on books, and to compute the taxable capital gain that can be expected on the installment sale method.

The article presents problems that were prepared by the Board of Examiners of the American Institute of Certified Public Accountants and were presented as the first half of the Certified Public Accountants examination in accounting practice on May 12, 1965. The candidates were required to solve all problems.

The article presents various accounting problems prepared by the Board of Examiners of the American Institute of Certified Public Accountants. These problems were presented as the second half of the Certified Public Accountant examination in accounting practice on November 5, 1964. The candidates were required to solve problems one through four and either five or six in limited time. One series of questions pertains to John Brown, who is employed by Clairemont Manufacturing Corp. as a salesman, and his wife Irma. John Brown is also the proprietor of Brown Manufacturing Co. which employs two people and employs his wife as bookkeeper. Another series of questions relates to three attorneys who agreed to consolidate their individual practices as of January 1, 1963.

This article presents problems which were prepared by the Board of Examiners of the American Institute of Certified Public Accountants (C.P.A) and were presented as the first half of the C.P.A. examination in accounting practice which held on November 4, 1964.