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- Title
PROFESSIONAL EXAMINATIONS: ACCOUNTING PRACTICE.
- Authors
Chamberlain, John H.
- Abstract
This article presents an account of problems prepared by the Board of Examiners of the American Institute of Certified Public Accountants and that were presented as the first hail of the Certified Public Accountants examination in accounting practice on November 7, 1962. The candidates were required to solve all problems. One of the problem stated that Bessie Smith, age 65, is the widow of Alan Smith, who died in 1960 at the age of 72. Mrs. Smith has never worked; however, she collects social security benefits based upon her husband's 15 years of covered earnings. She has no dependents. Further details regarding the income for the year 1961 were giver and the examinees were required to fide total dividends to be included in adjusted gross income of the widow, rates at which Smith's income tax is computed and Smith's retirement income credit. Question were also based on taxable interest, cost depletion, percentage depletion, installment method, gross income and depreciation. Time limits information has also been provided.
- Subjects
ACCOUNTING education; ACCOUNTING exams; ACCOUNTANTS; EXAMINATIONS; CERTIFICATION; ACCOUNTING; BUSINESS
- Publication
Accounting Review, 1963, Vol 38, Issue 1, p168
- ISSN
0001-4826
- Publication type
Article