Quote:
Originally Posted by garysanfran
Usually outstanding gift cards are considered a contingent liability on a business balance sheet. Buying a business usually includes those obligations.
I'd call them and ask.
|
That really isn’t true. Most times when a business is sold it’s just the assets not the liabilities. I this case the “business” wasn’t sold, Lyons den’s location was taken over by the Breeze and certain assets such as equipment were purchased.
Sent from my iPhone using
Winnipesaukee Forum mobile app