Would really appreciate some help with a probably really basic accounting question.
When you purchase a company, let's say through an.... what happens to the cash of the target? Does the seller take it all with them? So, once you own the company, there's 0 cash left?
The reason I guess I am a bit confused is because you subtract cashformula....
Thanks so much guys. I know this is basic - but for some reason I'm having some trouble here.