PROFESSIONAL EXAMINATIONS.
The article presents various problems that were presented on May 16, 1941 as the second half of certified public accountants examination prepared by the board of examiners of the American Institute of Accountants. The total weight allotted to this section was 50 points and was divided as follows: problem 1, 20 points; problem 2, 16 points; problem 3, 14 points. Examinees were allowed six hours to prepare their solutions. In one of the questions examinees were requires to prepare an estimate of fair market value of the stock of the Hall Instrument Co. and submit full explanations and computations. In addition other determinations and estimates that are made with respect to the position and prospects of the Hall Instrument is the gross volume of business for the next three or four years is expected to average around $110,000. In another question, a detail of the annual report to shareholders of the State Stove Co. is provided. Examinees are required to submit worksheets and complete computational analysis of the data.
- DOI
- 10.2308/tar-7053215
- Volume
- 16 (3)
- Pages
- 302-310
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref