11. An initial public offering (IPO) is: A An inevitable event in the life of a company that occurs once the stock market discipline becomes essential for the efficient operations of the business B A compulsory milestone that companies go through to enhance their visibility with consumers and improve their chances of outperforming the sector C A pivotal moment in the life of a corporation that requires a tremendous amount of resource and time and hence undertaken in isolation from other company events D Undertaken in order to provide full access to public, liquid capital markets and often selected among other key strategic alternatives E I do not want to answer this question 12. Which of the following is TRUE? A I do not want to answer this question B C With the locked box account approach, the date when the economic risks and gains pass on to the buyer is the signing date With the completion account approach, the date when the economic risks and gains pass on to the buyer is the completion date D With the completion account approach, the date when the economic risks and gains pass on to the buyer is the signing date E With the locked box account approach, the date when the economic risks and gains pass on to the buyer is the completion date