The Following Table Lists the Average Price of Home Listings

question 46

Multiple Choice

The following table lists the average price of home listings in Canada from January 2007 to January
2014. (See Connect for Data Set 7: CREA 2014) .

Forecast the average home price listing for Jan-17.

• A) $379 148
• B) $393 508
• C) $407 868
• D) $422 228
• E) $364 788

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Definitions:

Fair Value Accounting

An accounting approach where assets and liabilities are recorded at their current market value, rather than their historical cost.

Financial Statements

Documents that report on a company's financial health and performance, including the balance sheet, income statement, and cash flow statement, offering insight into its operations and financial position.

Hierarchy Level

The level or rank of an entity within a broader organizational or systemic structure, often indicating its authority or responsibility level.

Fair Values

An estimate of the market value of an asset or liability, based on current prices in an open market.