Is it possible for an entrepreneur to experience a reduction in wealth when a business is sold

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Is it possible for an entrepreneur to experience a reduction in wealth when a business is sold even though the value of the business is much greater than the amount invested? Under what conditions would this take place?

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Entrepreneurial Financial Management An Applied Approach

ISBN: 9781000650488

5th Edition

Authors: Jeffrey R Cornwall, David O Vang, Jean M Hartman

Question Posted: May 12, 2024 08:13 AM

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Is it possible for an entrepreneur to experience a reduction in wealth when a business is sold

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Yes it is possible for an entrepreneur to experience a reduction in wealth when a business is sold even if the value of the business is much greater t...View the full answer

Entrepreneurial Financial Management An Applied Approach

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