menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Entrepreneurship Study Set 2
  4. Exam
    Exam 7: Buying an Existing Business
  5. Question
    Because So Many Business Owners Take Money from Their Companies
Solved

Because So Many Business Owners Take Money from Their Companies

Question 45

Question 45

True/False

Because so many business owners take money from their companies' sales without reporting it as income, a business buyer should expect to pay for undocumented, "phantom" profits when buying an existing business.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q41: The _ approach to valuing a business

Q42: Explain the steps in the acquisition process.

Q46: Under the excess earnings method, what is

Q47: Mini-Case 7-2: Building Supply<br>You have recently decided

Q49: Goodwill is an intangible asset that the

Q50: The amount the seller of a business

Q89: Briefly discuss the seven steps in acquiring

Q113: Which of the following valuation methods does

Q121: The _ approach to valuing a business

Q122: Neither the balance sheet method nor the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines