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Mary Ann Is Considering Buying an Existing Catering Business That

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Mary Ann is considering buying an existing catering business that is up for sale. The current balance sheet of the business shows that there are has more liabilities than assets. Mary Ann's friend Roland suggests that, even with the negative owners' equity, this business might still be worth buying. What other indicators within the auditor's report should they consider for this decision?

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It must be determined whether the cateri...

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