My sister started a website called Mouse Savers. She has always loved Mickey Mouse and anything Walt

Question:

My sister started a website called Mouse Savers. She has always loved Mickey Mouse and anything Walt Disney. Her website offers a social integration service, connecting Disney vendors and Disney consumers. I was shocked when my sister collected over $1,000,000 in sales revenue during her first year of business. Her website's popularity has grown consistently. After seeing the exponential growth in the first five years, I believe this website has even more potential. I asked my sister if she would sell her website business to me (so she can spend more time with my nieces & nephews). My sister's lawyer contacted me yesterday, and stated a purchase price of $4,500,000. I do not know how this figure was computed. Why is the purchase price different than the balance sheet's net assets
The Mouse Savers 12/31/2014 includes: $2,330,000, note payable $500,000, discount on note payable $100,000. The corresponding fair values are: $2,330,000, note payable $490,000, discount on note payable $100,000.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...