Question: 1 2 . You are considering purchasing a small business and would like to determine if the selling price is reasonable. To make this determination

12. You are considering purchasing a small business and would like to determine if the selling price is reasonable. To make this determination you request the company's financial information, and in response, the owner gives you her income statement. The information you can learn from the income statement is arevenues, expenditures, and net profit or loss the financing and investing activities during an accounting period cash inflows and cash outflows

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