Question: See attachment. It can be done in word or excel format. Required: Complete calculation and answer the questions. 1. Record the correcting entry. 2. Prepare

See attachment. It can be done in word or excel format.

Required:

Complete calculation and answer the questions. 1. Record the correcting entry. 2. Prepare financial statements 3. Current owners want $250,000 for the business. Jefferson does not want to pay more than Net Worth x 1.5. Should he buy? For how much?

Case 1 [ART SPECIALISTS, INC.] Jefferson Jerome is interested in purchasing \"Art Specialists Inc.\

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