Reading Reflection
This weeks reading surprised me was the part about adjusted tangible book value. I have never heard about that concept before but reading about the differences between goodwill, patents, and deferred financing costs was quite interesting. I was really confused when the author started mentioning due diligence evaluation. I would ask the author to go into greater detail about the due diligence evaluation to clear it up and I would secondly ask how businesses can avoid startup costs. There is a part of the reading that I disagree with. When the author mentioned that the total amount needed by any business included advertisements, rent, inventory, and tax he clearly lacked to mention other expenses such as possible savings and mortgages for potential fails. Other than that I agree with what the author wrote.
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