PROFESSIONAL EXAMINATIONS.
The article focuses on various problems that were prepared by the Board of Examiners of the American Institute of Accountants and were presented as the second half of the November, 1951 Certified Public Accountant Examination in accounting practice. In one of the question the balance sheet of the company on September 30, 1951 was given and examinees were asked to compute the book value of a share of common stock as of September 30, 1951. They were also asked to compute tax rule as to stock rights and to show the computation and treatment of the transaction if the person sells his rights for $800. In another question, from the information and summary of the transactions for the year ended December 31, 1950, examinees were asked to prepare work sheets, showing by appropriate funds all information needed for a statement of income and expense for the year and a balance sheet for each fund as of December 31, 1950. Changes in surplus accounts or in fund balances were to be shown in additional columns unless all such changes are clearly identified in the balance sheet columns.
- DOI
- 10.2308/tar-7078517
- Volume
- 27 (2)
- Pages
- 249-258
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref