Free AICPA CPA-Financial Exam Questions

Absolute Free CPA-Financial Exam Practice for Comprehensive Preparation 

  • AICPA CPA-Financial Exam Questions
  • Provided By: AICPA
  • Exam: CPA Financial Accounting and Reporting
  • Certification: Certified Public Accountant(CPA)
  • Total Questions: 165
  • Updated On: Apr 16, 2026
  • Rated: 4.9 |
  • Online Users: 330
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  • Question 1
    • Which of the following is true regarding the presentation of "comprehensive income."

       


      Answer: C
  • Question 2
    • While preparing its 1991 financial statements, Dek Corp. discovered computational errors in its 1990 and 1989 depreciation expense. These errors resulted in overstatement of each year's income by $25,000, net of income taxes. The following amounts were reported in the previously issued financial statements:

      Dek's 1991 net income is correctly reported at $180,000. Which of the following amounts should be reported as prior period adjustments and net income in Dek's 1991 and 1990 comparative financial statements?



      Answer: C
  • Question 3
    • What is the purpose of information presented in notes to the financial statements?

      Answer: A
  • Question 4
    • How should the effect of a change in accounting principle that is inseparable from the effect of a change in accounting estimate be reported?


      Answer: A
  • Question 5
    • Which of the following should be disclosed for each reportable operating segment of an enterprise?

       


      Answer: A
PAGE: 1 - 33
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