The Accounting Review Vol. 38 No. 3 1963
PROFESSIONAL EXAMINATIONS--ACCOUNTING PRACTICE.
Abstract
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.
- DOI
- 10.2308/tar-7104565
- Volume
- 38
- Issue
- 3
- Pages
- 633-644
- Language
- en
- Sources
- openalex crossref