Preface for CPA Candidates  . . . . . . . . . . . . . . . . . . . . . . . . . vi
Optimizing Your Regulation Score . . . . . . . . . . . . . . . . . . . . . . . 1

Study Unit 1. Ethics and Professional Responsibilities  . . . . . . . . . . . 19
Study Unit 2. CPAs and the Law . . . . . . . . . . . . . . . . . . . . . . .  57
Study Unit 3. Agency  . . . . . . . . . . . . . . . . . . . . . . . . . . .  103
Study Unit 4. Contracts . . . . . . . . . . . . . . . . . . . . . . . . . .  147
Study Unit 5. Sales and Secured Transactions  . . . . . . . . . . . . . . .  201
Study Unit 6. Negotiable Instruments and Related Topics . . . . . . . . . .  257
Study Unit 7. Debtor-Creditor Relationships  . . . . . . . . . . . . . . . . 301
Study Unit 8. Regulation and Certain Business Entities . . . . . . . . . . . 347
Study Unit 9. Corporations  . . . . . . . . . . . . . . . . . . . . . . . .  387
Study Unit 10. Federal Tax Legislation, Procedures, and Planning . . . . . . 429
Study Unit 11. Gross Income  . . . . . . . . . . . . . . . . . . . . . . . . 467
Study Unit 12. Deductions . . . . . . . . . . . . . . . . . . . . . . . . .  513
Study Unit 13. Tax Computations  . . . . . . . . . . . . . . . . . . . . . . 569
Study Unit 14. Property Transactions . . . . . . . . . . . . . . . . . . . . 611
Study Unit 15. Corporate Taxable Income  . . . . . . . . . . . . . . . . . . 649
Study Unit 16. Corporate Tax Computations . . . . . . . . . . . . . . . . .  693
Study Unit 17. Corporate Tax Special Topics  . . . . . . . . . . . . . . . . 729
Study Unit 18. S Corporations . . . . . . . . . . . . . . . . . . . . . . .  759
Study Unit 19. Partnerships and Exempt Organizations  . . . . . . . . . . .  791
Study Unit 20. Estates, Trusts, and Wealth Transfer Taxes . . . . . . . . .  837

Index  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 871
Order Form . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 889