Dolphini was sold to a competitor for how much?

Study for the ACS Bezique Events Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Multiple Choice

Dolphini was sold to a competitor for how much?

Explanation:
The amount paid in a sale is the actual consideration the buyer gives for the business, and the scenario provides Dolphini’s final sale figure explicit in the deal terms. In this case, the documented sale price is £1.45 million, which is why that figure is correct. The other numbers don’t match the recorded transaction in the materials, so they aren’t reflective of the deal as described. When evaluating such questions, look for the phrase that states the sale price or purchase price directly, and keep in mind that sometimes prices are presented as cash-free or debt-free with possible adjustments, though here the stated figure is £1.45 million.

The amount paid in a sale is the actual consideration the buyer gives for the business, and the scenario provides Dolphini’s final sale figure explicit in the deal terms. In this case, the documented sale price is £1.45 million, which is why that figure is correct. The other numbers don’t match the recorded transaction in the materials, so they aren’t reflective of the deal as described. When evaluating such questions, look for the phrase that states the sale price or purchase price directly, and keep in mind that sometimes prices are presented as cash-free or debt-free with possible adjustments, though here the stated figure is £1.45 million.

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