Question
Suppose I value your business at $580,000, you value your business at $550,000, and I must pay an attorney $15,000 to complete the required transfer
Suppose I value your business at $580,000, you value your business at $550,000, and I must pay an attorney $15,000 to complete the required transfer documents for the county government. What is the outcome from the potential transaction?
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A. I buy the business from you at a price between $580,000 and $550,000
B. The business is sold for $565,000
C. The transaction does not occur because the transaction costs exceed the value created
D. You buy the business from me at a price between $580,000 and $550,000
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
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