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Your friend is planning to acquire a business worth $ 200,000. Your friend is not from accounting background and he needs your help to guide

Your friend is planning to acquire a business worth $ 200,000. Your friend is not from accounting background and he needs your help to guide him about the basic information regarding the financial statements of the business that he wants to acquire. How as a student of accounting you can assist in advising your friend in acquiring that business?

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