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When Evaluating the Financial Data of a 10-Year-Old Business That

Question 110

Multiple Choice

When evaluating the financial data of a 10-year-old business that is being considered for purchase,which issue will be of least concern?


A) Understated income in an effort to minimize taxes
B) Unrealistically reduced levels of advertising cost
C) Business expenses related to personal use of vehicles
D) Not having the books for Years 1-5 due to a fire

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