Current thinking on the subject indicates that the type of talent necessary to project your career will take many years of hard work to develop

A subsequent event for an entity with a December 31, 2013, year-end would not include:

A. A change in the estimated useful lives of equipment in January 2014. B. An issuance of bonds in January 2014. C. An acquisition of another company in January 2014. D. A major uncertainty at December 31, resolved in January 2014.

In doing a market analysis you find a recently sold property where the owner had just been divorced. It was listed for $250,000 but sold for only $200.000 after three months. Would this be good comparable property to use?

A. No, it was only on the market for 3 months. B. No, because of the divorce it was not an arms length transaction. C. Yes. you would use the listed price of $250,000. D. Yes. you would use the actual sales price of $200.000.