The more important elements appearing on a statement of financial position that a potential buyer of a business should look for are prepaid expenses, investment securities, notes payable, and long-term debts.

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A potential buyer should focus on assets like cash, accounts receivable, inventory, and liabilities like accounts payable and long-term debts, as they provide a clearer picture of the company's financial health and obligations.

The More Important Elements Appearing on a Statement of Financial