question 1 of 10: when buying an existing business, it is important to:\na) find out why the business is for…

question 1 of 10: when buying an existing business, it is important to:\na) find out why the business is for sale\nb) review existing financial statements\nc) both a) and b)\nd) none of the above

question 1 of 10: when buying an existing business, it is important to:\na) find out why the business is for sale\nb) review existing financial statements\nc) both a) and b)\nd) none of the above

Answer

Brief Explanations:

When buying an existing business, knowing the reason for sale helps assess potential issues. Reviewing financial statements gives an idea of the business's financial health. Both are crucial steps.

Answer:

C. Both a) and b)