1.What is a typical valuation for a small CPA firm

Select one:

a.

10 times trailing earnings

b.

3 times future earnings

c.

8 to 1.2 times trailing earnings

d.

5 times trailing earnings.

2.Which type of engagement is not recommended for a small CPA firm.

Select one:

a.

Compilation

b.

Review

c.

Consulting

d.

Audit