Most Small Business Owners Prefer Selling Their Firm to a Financial

question 12

True/False

Most small business owners prefer selling their firm to a financial buyer rather than a strategic buyer.

---

Definitions:

Income Taxes Payable

This liability account shows the amount of income taxes owed to the government but not yet paid by a company.

Cash Payments

Outflows of cash from a company to settle obligations, including the payment of goods, services, and debts.

Operating Activities

Part of a company’s cash flow statement that shows the cash inflows and outflows related to its core business operations.

Statement of Cash Flows

A financial statement that reports a company's cash inflows and outflows over a period, categorized into operating, investing, and financing activities.