When the Buyer Is Examining the Income Statements,tax Returns,and Balance

question 119

Multiple Choice

When the buyer is examining the income statements,tax returns,and balance sheets of the business,he/she is seeking an answer to the basic question:

• A)Is the business financially sound?
• B)Why does the owner want to sell?
• C)What is the physical condition of the business?
• D)What legal aspects should be considered?

---

Definitions:

Cigarette Smoking

The act of inhaling and exhaling the smoke from burning tobacco encased in cigarettes, a habit associated with health risks.

Alzheimer's Disease

A degenerative brain disease characterized by memory loss, cognitive decline, and personality changes, often associated with aging.

Voluntary Control

The capacity to regulate one's own responses, actions, or emotional states intentionally, typically involving higher brain functions.