Question: Exercise 9 - 1 1 Financial your audit client steven dabbs has written a letter to you. He is concerned because he has just received

Exercise

9 - 11

Financial your audit client steven dabbs has written a letter to you. He is concerned because he has just received an offer to purchase his business for $

1, 000, 000

more than the net carrying value of the assets repoted in the most recent financial statements that you had audited. He is not interested in selling the business, but he is now convinced that you have certified financial statements that do nor properly reflect the value of his company.

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