The Occurrence Which Most Likely Would Have No Effect on 2014

Multiple Choice

The occurrence which most likely would have no effect on 2014 net income (assuming that all amounts involved are material) is the

A) sale in 2014 of an office building contributed by a stockholder in 1983.
B) collection in 2014 of a receivable from a customer whose account was written off in 2013 by a charge to the allowance account.
C) settlement based on litigation in 2014 of previously unrecognized damages from a serious accident that occurred in 2012.
D) worthlessness determined in 2014 of stock purchased on a speculative basis in 2010.