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Record the correcting entry. 2. Prepare financial statements 3. Current owners want $250,000 for the business. Jefferson does not want to pay more than Net

Record

the

correcting

entry.

2.

Prepare

financial

statements

3.

Current

owners

want

$250,000

for

the

business.

Jefferson

does

not

want

to

pay

more

than

Net

Worth

x

1.5.

Should

he

buy?

For

how

much?

image text in transcribed Case 1 [ART SPECIALISTS, INC.] Jefferson Jerome is interested in purchasing \"Art Specialists Inc.\

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