AICPA REG dumps - in .pdf

REG pdf
  • Exam Code: REG
  • Exam Name: CPA Regulation
  • Updated: Sep 14, 2026
  • Q & A: 70 Questions and Answers
  • PDF Price: $49.99
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  • Exam Code: REG
  • Exam Name: CPA Regulation
  • Updated: Sep 14, 2026
  • Q & A: 70 Questions and Answers
  • PDF Version + PC Test Engine + Online Test Engine
  • Value Pack Total: $99.98  $69.99
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AICPA REG dumps - Testing Engine

REG Testing Engine
  • Exam Code: REG
  • Exam Name: CPA Regulation
  • Updated: Sep 14, 2026
  • Q & A: 70 Questions and Answers
  • Software Price: $49.99
  • Testing Engine

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AICPA REG Exam Syllabus Topics:

SectionWeightObjectives
Ethics, Professional Responsibilities, and Federal Tax Procedures15–25%- Federal tax procedures
  • 1. IRS authority and procedures
    • 2. Tax return filing, penalties, and statute of limitations
      - Ethics and professional conduct
      • 1. Ethical decision-making frameworks
        • 2. Professional responsibilities and standards
          Federal Taxation of Entities18–28%- Business entity taxation
          • 1. C corporations taxation
            • 2. S corporations taxation
              • 3. Partnership taxation
                Federal Taxation of Property Transactions12–22%- Property transactions
                • 1. Gains and losses recognition
                  • 2. Basis computation
                    Business Law10–20%- Business structure law
                    • 1. Secured transactions basics
                      • 2. UCC principles
                        - Contracts and agency
                        • 1. Agency relationships and liability
                          • 2. Contract formation and enforceability
                            Federal Taxation of Individuals15–25%- Individual income taxation
                            • 1. Gross income and exclusions
                              • 2. Deductions and credits

                                AICPA CPA Regulation Sample Questions:

                                Question #1

                                Doris and Lydia are equal partners in the capital and profits of Agee & Nolan, but are otherwise unrelated.
                                The following information pertains to 300 shares of Mast Corp. stock sold by Lydia to Agee & Nolan:

                                The amount of long-term capital loss that Lydia realized in 1988 on the sale of this stock was:

                                • A. $0
                                • B. $3,000
                                • C. $5,000
                                • D. $2,500
                                Reveal Solution  Discussion  0

                                Correct Answer: C  🗳️

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                                Question #2

                                On December 1, 1992, Michaels, a self-employed cash basis taxpayer, borrowed $100,000 to use in her
                                business. The loan was to be repaid on November 30, 1993. Michaels paid the entire interest of $12,000
                                on December 1, 1992. What amount of interest was deductible on Michaels' 1993 income tax return?

                                • A. $0
                                • B. $1,000
                                • C. $11,000
                                • D. $12,000
                                Reveal Solution  Discussion  0

                                Correct Answer: C  🗳️

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                                Question #3

                                Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable
                                income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own
                                and was Tom's dependent.
                                Determine the amount of income or loss, if any that should be included on page one of the Moores' 1994
                                Form 1040.
                                In 1992, Joan received an acre of land as an inter-vivos gift from her grandfather. At the time of the gift,
                                the land had a fair market value of $50,000. The grandfather's adjusted basis was $60,000. Joan sold the
                                land in 1994 to an unrelated third party for $56,000.

                                • A. $0
                                • B. $500
                                • C. $3,000
                                • D. $1,000
                                • E. $10,000
                                • F. $1,250
                                • G. $1,500
                                • H. $50,000
                                • I. $1,300
                                • J. $25,000
                                • K. $55,000
                                • L. $2,500
                                • M. $900
                                • N. $2,000
                                • O. $75,000
                                Reveal Solution  Discussion  0

                                Correct Answer: A  🗳️

                                Explanation: Only visible for ExamDumpsVCE members. You can sign-up / login (it's free).

                                Question #4

                                Which one of the following statements is correct with regard to an individual taxpayer who has elected to
                                amortize the premium on a bond that yields taxable interest?

                                • A. The bond's basis is reduced by the amortization.
                                • B. The amortization is not treated as a reduction of taxable income.
                                • C. The amortization is treated as an itemized deduction.
                                • D. The bond's basis is increased by the amortization.
                                Reveal Solution  Discussion  0

                                Correct Answer: A  🗳️

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                                Question #5

                                Which of the following is subject to the Uniform Capitalization Rules of Code Sec. 263A?

                                • A. Mine development and exploration costs.
                                • B. Warehousing costs incurred by a manufacturing company with $12 million in annual gross receipts.
                                • C. Editorial costs incurred by a freelance writer.
                                • D. Research and experimental expenditures.
                                Reveal Solution  Discussion  0

                                Correct Answer: B  🗳️

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