Setting price for the businessCharlie and Mari belle Brown have owned and operated a
retail furniture store for more than 20 years. They have employed an independent
CPA during this time to prepare various sales tax, payroll tax, and income tax
returns, as well as financial statements for themselves and the bank from which
they borrowed money from time to time.They are considering selling the store but are uncertain
about how to establish an asking price.
What type of information is included in the material
prepared by the CPA that may help the Browns establish an asking price for the
store?