Free AICPA AICPA-CPA Exam Questions

Become AICPA Certified with updated AICPA-CPA exam questions and correct answers

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Total 205 Questions | Updated On: Oct 27, 2026

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Question 1

Which of the following would be considered corroborative evidence?

A : Checks, invoices, and contracts

B : General and subsidiary ledgers

C : Minutes from meetings of the board of directors

D : Worksheets and spreadsheets supporting cost allocations

Answer: C

Question 2

Select all that apply: When applying the revenue test to determine if a segment is a reportable segment, the segment's revenues are compared to the total for the entity. Which of the following revenue items should be included in the revenue calculation?

A : Sales to unaffiliated customers

B : Interest eamed from loans to other segments

C : Intersegment sales of products

Answer: A

Question 3

Which of the following would be considered corroborative evidence?

A : Checks, invoices, and contracts

B : General and subsidiary ledgers

C : Minutes from meetings of the board of directors

D : Worksheets and spreadsheets supporting cost allocations

Answer: C

Question 4

Which of the following requires filing a gift tax return if the transfer exceeds the available annual gift tax exclusion?

A : Medical expenses paid directly to a physician on behalf of an individual unrelated to the donor.

B : Tuition paid directly to an accredited university on behalf of an individual unrelated to the donor.

C : Payments for college books, supplies, and dormitory fees on behalf of an individual unrelated to the donor.

D : Campaign expenses paid to a political organization.

Answer: C

Question 5

The account that records expenses, gains and losses is

A : Personal account

B : Real account

C : Nominal account

D : None of the above

Answer: C

Page: 1 / 41

Total 205 Questions | Updated On: Oct 27, 2026

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