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AICPA REG Practice Tests & CPA Exam Test Prep - Why Exam Edge

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Getting ready to take the AICPA Regulation exam? Maximize your test prep with Exam Edge!

Exam Edge has been an industry leader in online test preparation for nearly two decades. Our practice tests are designed to give you the most effective exam prep experience, with flexible features to suit your unique studying approach. Read on to learn what sets our practice tests apart from the rest.

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Be sure to purchase our test bundles to get the special bonuses. Our Practice Tests, Digital Flash Cards, and Study Guides have been expertly crafted to prepare you for the AICPA REG exam. They are tailored to foster a deeper understanding and retention of key concepts. Using all three of these will ensure you master the skills you need to pass your certification exam.

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Why Choose Exam Edge for your AICPA REG (REG) Exam prep?

Benefits of Exam Edge AICPA Regulation Practice Tests & Test Prep

Exams like the AICPA Regulation exam do not just measure what you know -- they also test how well you perform under pressure. The right type of test preparation helps you familiarize yourself with both the material you are being tested on and the format of the test itself. Our practice tests, exam flashcards, and other test prep resources are carefully crafted to replicate the experience of taking the AICPA REG exam to make you maximally prepared for the demands of test day.

Looking to level up your test prep routine? Here are five reasons you should incorporate practice tests from Exam Edge into your AICPA Regulation test prep strategy:

  • In-depth explanations for every practice test question and answer: Once you complete a practice exam, we give you detailed explanations of each correct and incorrect practice exam question answer. We also provide a summary of the number of practice test questions you answered correctly, and an estimate of your score as you would receive on the real exam. Use this combination of quantitative and qualitative insights to get a comprehensive picture of your readiness for the AICPA REG exam!

  • Realistic AICPA Regulation practice test questions: Our practice tests are designed to have a similar feel to the real test. From the type and number of questions to the default time limit for each practice exam, our AICPA REG questions mimic those that are found on the real exam. This way, when you take the actual test, you will already be familiar with the test's navigation, structure, and flow. The psychological benefits of this kind of practice are significant. Once you eliminate the stress and distraction of unfamiliar test software or formatting, your brain is freed up to focus on each question.

  • Easy-to-access resources for your on-the-go lifestyle: Our practice tests are web-based, so there is no software to install and no files to download. Just log in to for access to your AICPA REG practice tests on any smartphone, tablet, or computer with an internet connection. Chip away at your exam prep from home, work, campus, your favorite coffee shop, or wherever life takes you.

  • Flexible timed and untimed AICPA Regulation practice tests:Use our 3 different test-taking modes for different kinds of test preparation. You can pause a practice test and continue right where you left off with the same amount of time you had remaining. You can learn more about these unique functions in our AICPA REG practice test features.

  • A brand you can trust: As an "A+" rated, fully accredited member of the Better Business Bureau, Exam Edge upholds the highest level of business standards, and our proof of success is with our customers. We have heard from countless test-takers who told us they failed their certification exams until they found us and added our practice tests to their exam preparation plans. We are driven by a genuine passion for helping test-takers succeed, and we cannot wait to help you start or continue your journey to passing the AICPA Regulation}!

    Learn more about Exam Edge, and what makes us right for you on your test prep journey!

All in all, the most effective study plan involves regular practice-testing to exercise your recall skills, practicing your time management, and increasing your focus and test-taking stamina. Invest your study time in our AICPA Regulation practice exams and walk into test day confident, and ready to demonstrate your skills.

Need more convincing? Take your first practice test on us and see firsthand how practice tests can transform your AICPA REG test prep. Learn how to get a free AICPA Regulation practice test, and start test-prep today!

How to Use the AICPA REG Practice Test

Our practice tests offer the ultimate flexibility to study whenever, wherever, and however you choose. We offer three modes to engage with your AICPA Regulation practice exam:

  1. Timed Mode: Take a practice test in the timed mode to mimic the experience you will have on test day.

  2. Untimed Mode: Our untimed practice tests. Use this function to evaluate your knowledge without the added pressure of a ticking timer.

  3. Study Guide Mode: Our unique study guide function shows the in-depth explanations for each practice exam question as you work through the test. Use this version to work through the questions at your own pace and take detailed notes on the answers.
Need to pause while taking one of our practice tests? No problem! Whichever mode you use, you can pause and resume it at your leisure. When you continue the test, you will pick up exactly where you left off. If you are taking a timed practice test, you will have the same amount of time left to work through the remaining AICPA REG practice exam questions once you resume.

Once you have completed a practice exam, you will have permanent access to that exam's review page which includes a detailed explanation for each practice test question. Are you confused by a particular question on the practice test you just completed? Simply come back to it after you have completed it and get a detailed explanation of what the correct answer is and why.

Unlike other study tools, practice exams offer the unique benefit of helping you chart your progress and improvement. Start your AICPA Regulation exam preparation by taking a practice test to assess your baseline expertise and existing test-taking skills. Then, use your results to identify which topics and skills need the most improvement, and create a study plan that targets those areas. As you study from books, notes, exam flashcards, or other methods, take additional practice tests at regular intervals to evaluate how you retain the information.

AICPA Regulation - Why Exam Edge Sample Questions

The basis of stock received as a dividend depends upon ___________________________________________.

Correct Answer:
whether it was included in income when received

the basis of the stock received as a dividend is significantly influenced by its tax treatment at the time of receipt. specifically, the determination hinges on whether the dividend was included in the recipient’s income when received. this is a critical factor as it impacts the stock's cost basis, which is essential for calculating capital gains or losses when the stock is eventually sold.

if the dividend is taxable and thus included in the recipient’s income, the basis of the stock received is set at its fair market value (fmv) at the date of distribution. this means that the value of the stock at the time it was distributed by the company becomes the cost basis for the recipient. this basis is used for future calculations concerning gains or losses upon the sale of the stock.

conversely, if the dividend is not taxable when received, the stock's basis is not as straightforward. instead, the basis of the shareholder’s original stock must be allocated between the original stock and the newly received dividend stock. this allocation is proportionate to their relative fair market values. essentially, the original basis is divided between the original shares and the dividend shares based on their values, ensuring that the total basis remains the same but is spread across a greater number of shares.

additionally, an important aspect to consider is the holding period of the dividend stock. regardless of whether the dividend was taxable or not, the holding period of the dividend stock includes the holding period of the original stock. this means that if the original stock was held long-term, the dividend stock is also considered held long-term, which can be beneficial for tax purposes. this rule helps simplify the process of determining the holding period for new shares and aligns with the continuity of investment in the company.

understanding these rules is crucial for shareholders to accurately report their taxes and understand the financial implications of receiving stock dividends. it ensures compliance with tax laws and aids in making informed decisions about managing investments in stocks.

Pix Corporation is making a $6,000,000 stock offering.  Pix wants the offering exempt from registration under the Securities Act of 1933.  Which of the following provisions of the Act would Pix have to comply with for the offering to be exempt?

Correct Answer:
regulation d, rule 506
pix corporation's $6,000,000 stock offering requires an exemption from registration under the securities act of 1933 to simplify the process and reduce regulatory burdens. the available exemptions under regulation d and regulation a each have specific conditions and limits on the amount of money that can be raised.

regulation a allows for an exemption, but it is limited to offerings of up to $50,000,000 in a 12-month period under its tier 2 provisions. although this would technically cover the $6,000,000 offering from pix corporation, regulation a involves filing an offering statement with the sec, which must be qualified, and includes ongoing reporting obligations that might be considered onerous for smaller companies.

regulation d provides more tailored options for companies seeking to raise capital without extensive disclosure and reporting requirements. specifically, rule 504 and rule 505 of regulation d cap the offering amounts at $10,000,000 and $5,000,000 respectively. since pix's offering exceeds the limit for rule 505 and falls within the revised cap for rule 504, it is necessary to consider rule 506 for an appropriate exemption.

rule 506 of regulation d is particularly suitable for larger offerings like that of pix corporation. it does not cap the amount that can be raised, making it ideal for the $6,000,000 offering. rule 506 comes in two distinct variants; rule 506(b) allows for an unlimited raise from accredited investors and up to 35 non-accredited but sophisticated investors without general solicitation, whereas rule 506(c) permits general solicitation but requires all investors to be accredited.

for pix corporation, opting for rule 506 means it can raise capital beyond the limits set by other rules without extensive disclosure requirements. critical to rule 506 is ensuring that all investors are either accredited or sufficiently sophisticated, and that the company complies with the "bad actor" disqualifications and other conditions stipulated in regulation d.

in conclusion, for pix corporation's $6,000,000 stock offering to be exempt from registration under the securities act of 1933, the most suitable and straightforward path is compliance with regulation d, rule 506. this rule provides the necessary flexibility in terms of offering size and investor qualifications, making it the optimal choice for pix's fundraising needs.