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i. You wish to buy an existing manufacturing business. Why would you need to have an explanation from an accountant about the business. Explain whether

i. You wish to buy an existing manufacturing business. Why would you

need to have an explanation from an accountant about the business.

  1. Explain whether the financial statement reflects the full value of the company.
  2. What is a balance sheet?
  3. Distinguish between the 3 types of professional accountants in Canada.
  4. Explain the term owners equity in the accounting equation.
  5. What role does a forensic accountant have?

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