Free AICPA AICPA-CPA Exam Questions
Absolute Free AICPA-CPA Exam Practice for Comprehensive Preparation
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AICPA AICPA-CPA Exam Questions
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Provided By: AICPA
- Exam: Certified Public Accountant (CPA) - Healthcare Accountat
- Certification: AICPA Certification
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Total Questions: 205
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Updated On: Jan 12, 2026
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Rated: 4.9 |
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Online Users: 410
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Question 1
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Sales on credit is recorded in which of the following journal ?
Answer: B
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Sales on credit is recorded in which of the following journal ?
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Question 2
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Knickerbocker Corp. issued $20 million of long-term debt in the current year. What is a major advantage to Knickerbocker with the debt issuance?
Answer: B
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Knickerbocker Corp. issued $20 million of long-term debt in the current year. What is a major advantage to Knickerbocker with the debt issuance?
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Question 3
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Which of the following would be considered corroborative evidence?
Answer: C
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Which of the following would be considered corroborative evidence?
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Question 4
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Adams, Beck, and Carr organized Flexo Corp. with authorized voting common stock of $100,000. Adams received 10% of the capital stock in payment for the organizational services that he rendered for the benefit of the newly formed corporation. Adams did not contribute property to Flexo and was under no obligation to be paid by Beck or Carr. Beck and Carr transferred property in exchange for stock below. What amount of gain did Carr recognize from this transaction? Adjusted Basis / Fair Market Value / % of Flexo Stock Acquired Beck: $5,000 $20,000 20% Carr: $60,000 $70,000 70%
Answer: D
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Adams, Beck, and Carr organized Flexo Corp. with authorized voting common stock of $100,000. Adams received 10% of the capital stock in payment for the organizational services that he rendered for the benefit of the newly formed corporation. Adams did not contribute property to Flexo and was under no obligation to be paid by Beck or Carr. Beck and Carr transferred property in exchange for stock below. What amount of gain did Carr recognize from this transaction? Adjusted Basis / Fair Market Value / % of Flexo Stock Acquired Beck: $5,000 $20,000 20% Carr: $60,000 $70,000 70%
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Question 5
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The price elasticity of demand for widgets is 1.1 and the quantity
demanded is 5,000 units. The price increases by 8%. What is the
new quantity demanded?
Answer: B
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The price elasticity of demand for widgets is 1.1 and the quantity
demanded is 5,000 units. The price increases by 8%. What is the
new quantity demanded?