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Unformatted text preview: S UGGEST IO NS ON T H E DAN M CK I N L EY CASE F OR 70-352 The CA friend of Dan McKinley is asked by the later to prepare a report, after analyzing all of the available data and i nformation, outlining the arguments, pro and con, along with a recommendation as to whether Dan and his wife should buy t he business. For example, one factor in fluencing such a decision is price. The seller arrived at his offering price by capitalizing the net income before taxes from the unaudited, p reclosed, July I, 2001 fiscal year end, financial statements at 25%. Is this sound? Are there any financial/nonfinancial concerns other than the success of the business that should be considered? Etc. ...
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This note was uploaded on 08/02/2011 for the course ACCT 352 taught by Professor Freeman during the Summer '11 term at Windsor.

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