Jasper is evaluating a business for possible purchase. He needs to know what a fair offering price should be. One way to do this would be to
A) ask a business broker for his appraisal.
B) search the Internet for information about this business.
C) appraise the value of the assets of this business.
D) base his offer on the owner's equity stated on the balance sheet.

Question

Quizplus · Accepted Answer

Appraising the value of the assets of the business provides a tangible basis for determining a fair offering price, as it reflects the actual worth of the business's physical and intangible assets.

Jasper Is Evaluating a Business for Possible Purchase