[jeff]

@h0wdyus

Incorrect

The answer is B. Comparable sales.

“The use of comparable sales is not an income approach to valuation of a business, it is a market approach. Under the comparable sales approach, the value of a business is determined by comparing it to other entities with comparable characteristics for which the value is more readily determinable.”

This was a tricky one

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Anonymous]

Heck if I know. I think outside New York City actually.

[RandomAlt]

@EYNewHire – Did you graduate (or are currently going to) FAU?

@_Nick_ – Are you living in NYC, or just not sure about training?

Relevance:

-Currently live in Lake Worth, moved from NYC

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[h0wdyus]

@ Random

To your question.. I am going with C

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Using Yager

FROM NJ

[Anonymous]

@Random, working and living in Northern Virginia. Hope to be in the City post-MBA in 5-6 years.

[RandomAlt]

@h0wdyus – Correct

@_Nick_ – You will either love it or hate it…lol

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[Anonymous]

@Random, I will love everything but the rent payments

[EYNewHire]

@Random. I just graduated from FAU. What's your story? Currently going to FAU? Working? etc

[Anonymous]

Are the questions you guys posting coming from Ninja?

[EYNewHire]

The personal questions? I'd be surprised if those were in a test bank. Just kidding. I'm getting mine from Becker.

[RandomAlt]

@EYNewHire – Graduated form FAU in 2012. Working at a smallish firm in WPB whom I'm sure you have met at the career fair 😉

I assume you graduated from the scholars program? That program is like a golden ticket.

I miss Doctor Dunn, she was one of my favorite professors before she became dean.

Gaffney for business law?

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[EYNewHire]

Cool. Yes, I was in the scholars program and I had Gaffney for B Law. One of my favorite professors. It is kind of ridiculous how being in the scholars program gets you noticed especially for recruiting. It's almost unfair to those not in the program.

[RandomAlt]

Gaffney was amazing. His enthusiasm almost made me want to apply to law school (almost).

It really is a great program… and yes. The program has something like a 98-100% job placement rate. The rest of us are all scrambling at the career fair to be noticed 😉

I really wanted to apply, but at the time I would have applied the program was still only a full time, during the day, program. And I had a wife, mortgage, etc…and had a full time job (in an unrelated field) that I couldn't give up.

Coincidentally, they changed the program to part-time the semester after I graduated.

So I assume since you are working for EY you know Gabby?

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[EYNewHire]

If I hadn't know that the law “market” was already super saturated, I probably would have gone to law school because of Gaffney.

I think they are changing the program back to full time only but I'm not 100% on that.

I don't know a Gabby, yet. I don't start until next month.

[RandomAlt]

Haha…Gaffney does have a way of doing that to people.

Well, I know some FAU alum that are working at EY, so you will definitely have some good cohorts. Good luck!

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[EYNewHire]

Thanks and to you too. Hopefully our paths will cross in the real world at some point.

[Author]

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