Abstract The article presents problems and their solutions prepared by the Board of Examiners of the American Institute of Certified Public Accountants, and presented as the first half of the Certified Public Accountants examination in accounting practice held on November 03, 1965. The first question deals with the taxable income of an employee who died, and the liability of his employer towards his widow. The second question deals with the accounting of merger of a proprietorship. Certain questions deal with the issue of calculation of earnings per share. One question deals with the issue of accounting of wages and salaries of employees of a proprietorship. Another question deals with the issue of capital gains tax of a stockbroker, who sold his sole residence. One question deals with the issue of recognition of loss for a stolen diamond ring, given that it was not insured, and that it had different cost and fair market value. Another question deals with the issue of claim amortization of leasehold improvements of a retail store.

Abstract The article presents various problems prepared by the Board of Examiners of the U.S. body American Institute of Certified Public Accountants and presented at the second half of the certified public accountant examination in accounting practice on November 4, 1965. The candidates were required to solve all problems. The suggested time allowances for various problems were also given. One of the problems talked about the budget expenditures of the Board of Education of the Victoria School District for the year ending June 30, 1967. Data given included that the estimated average daily school enrollment of the School District is 3,000 pupils including 200 pupils enrolled in a vocational training program, estimated revenues include equalizing grants-in-aid from the state of $150 per pupil and that the grants were established by state law under a plan intended to encourage raising the level of education. The students were asked to prepare a schedule computing the estimated total funds to be obtained from local taxation for the ensuing school year ending June 30, 1967 for the Victoria School District.

Abstract The article provides several problems prepared by the Board of Examiners of the American Institute of Certified Public Accountants presented as the second half of the certified public accountant examination in accounting practice on May 19, 1966.

Abstract The article presents a question paper prepared by the Board of Examiners of the American Institute of Certified Public Accountants which was presented in the 1st half of the Certified Public Accountants (CPA) examination in accounting practice on May 18, 1966. The candidates were required to solve all the problems. All the questions were grouped into five sections. The suggested time allowances for each section was fixed at 40 to 50 and 50 to 60 minutes. Section 1 comprised of 20 multiple choice questions. Section 2 presented a question which required students to prepare a financial statement and to compute income-tax liability. Section 3 required the students to prepare a schedule to compute minimum bid i.e., the bid that would neither increase nor decrease total profits. Section 4 asked of students to prepare a formal consolidated statement of source and application of funds for a company and its subsidiary and a formal schedule of changes in consolidated working capital. Questions in section 5 required students to compute gross profit margin.