Arkansas Cosmetology Practice Exam

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What is required along with the filing for change of ownership of a school?

  1. A letter of intent

  2. A certified financial statement

  3. A performance bond

  4. A curriculum vitae of all teaching staff

The correct answer is: A certified financial statement

Along with filing for a change of ownership of a school, a certified financial statement is required. This statement provides information about the financial standing of the school and is important for ensuring the school's new ownership has the financial capacity to successfully run the school. A letter of intent and a performance bond may be needed in other contexts, but they are not specifically required for this particular filing. Similarly, while a curriculum vitae of teaching staff may be necessary for other administrative tasks, it is not directly related to the change of ownership process.

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