Because a purchaser is acquiring a business that will earn future profits, the amount of profits earned

Question:

“Because a purchaser is acquiring a business that will earn future profits, the amount of profits earned in the past is not relevant to the valuation of the business.” Is this statement true? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Canadian Income Taxation 2018-2019

ISBN: 9781259464294

21st Edition

Authors: William Buckwold, Joan Kitunen

Question Posted: