{"product_id":"business-valuation-and-federal-taxes-procedure-law-and-perspective-hardback-9780470601624","title":"Business Valuation and Federal Taxes; Procedure, Law and Perspective (Hardback) 9780470601624","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eBusiness Valuation and Federal Taxes\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eProcedure, Law and Perspective\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eDavid Laro (Author), Shannon P. Pratt (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780470601624, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 20 May 2011\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e528 pages\u003cbr\u003e26.2 x 18.5 x 4.1 cm, 1.08 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003eBusiness Valuation and Federal Taxes \u003ci\u003eProcedure, Law, and Perspective\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eSECOND EDITION\u003c\/b\u003e  \u003c\/p\u003e\n\u003cp\u003eCombining the expert knowledge of Senior Judge David Laro and Shannon Pratt, \u003ci\u003eBusiness Valuation and Federal Taxes, Second Edition\u003c\/i\u003e presents the authors' decades of experience, with advice on everything practitioners need to know about the relationship between federal taxes and valuation, and specifically valuations relating to business interests. This reference features indepth examinations of numerous topics that are particularly important to practitioners and explores a broad understanding of the basic knowledge needed to appreciate business valuation.  \u003c\/p\u003e\n\u003cp\u003eValuators, CPAs consulting on valuations, attorneys, corporate development officers, and intermediaries on business valuation will benefit from insightful discussions on topics ranging from general definitions to valuing complex business interests, as well as new discussions of:  \u003c\/p\u003e\n\u003cul\u003e \u003cli\u003ePersonal versus enterprise goodwill\u003c\/li\u003e \u003cli\u003eNew materials on transfer pricing and customs valuations and how recent markets have affected both the income and market approaches\u003c\/li\u003e \u003cli\u003eCoverage of FAS 157 and the many changes to penalties and sanctions affecting both taxpayers and appraisers\u003c\/li\u003e \u003cli\u003eSeveral important new court cases\u003c\/li\u003e \u003c\/ul\u003e  \u003cp\u003eCoverage is also included on standards of business valuation, IRS positions, burden of proof in valuation controversies, questions to ask business valuation experts, economic and industry analysis, and tax-affecting passthrough entities. \u003c\/p\u003e\n\u003cp\u003eComplete with a full overview of the laws, procedures, and approaches related to business valuation, this invaluable reference is a wellspring of vital information on valuation approaches, techniques, finance-related issues, burden of proof, standards, choice of entity, and much more.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eForeword to Second Edition xv\u003c\/p\u003e \u003cp\u003eForeword: Legal Practitioner’s Perspective xvii\u003c\/p\u003e \u003cp\u003eForeword: Law Professor’s Perspective xix\u003c\/p\u003e \u003cp\u003eForeword: Business Appraiser’s Perspective xxi\u003c\/p\u003e \u003cp\u003ePreface to the New Edition xxiii\u003c\/p\u003e \u003cp\u003eOrigin of the Book xxiii\u003c\/p\u003e \u003cp\u003eAuthors Provide Own Perspectives xxiv\u003c\/p\u003e \u003cp\u003eTopics Covered xxiv\u003c\/p\u003e \u003cp\u003eAcknowledgments xxvii\u003c\/p\u003e \u003cp\u003eAbout the Authors xxix\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Standards of Business Valuation 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 1\u003c\/p\u003e \u003cp\u003eIntroduction 2\u003c\/p\u003e \u003cp\u003eSources for Defining Value 3\u003c\/p\u003e \u003cp\u003eDefinitions of Value 7\u003c\/p\u003e \u003cp\u003ePremise of Value 17\u003c\/p\u003e \u003cp\u003eConclusion 18\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Subsequent Events 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 19\u003c\/p\u003e \u003cp\u003eKey Question 19\u003c\/p\u003e \u003cp\u003eValuation Date 20\u003c\/p\u003e \u003cp\u003eSubsequent Events—Exceptions 21\u003c\/p\u003e \u003cp\u003eConclusion 27\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Business Valuation Experts 28\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 28\u003c\/p\u003e \u003cp\u003eIntroduction 29\u003c\/p\u003e \u003cp\u003eProving Business Value 29\u003c\/p\u003e \u003cp\u003eThe Expert Appraiser 30\u003c\/p\u003e \u003cp\u003eTypes of Experts 31\u003c\/p\u003e \u003cp\u003eVarious Roles of Experts 32\u003c\/p\u003e \u003cp\u003eBusiness Valuation Litigation Witnesses 32\u003c\/p\u003e \u003cp\u003eAdmissibility of Evidence Underlying Expert Opinions 33\u003c\/p\u003e \u003cp\u003eLimitations to Admissibility 35\u003c\/p\u003e \u003cp\u003eReliability of the Expert 36\u003c\/p\u003e \u003cp\u003eMinimum Thresholds for the Business Valuation Expert 38\u003c\/p\u003e \u003cp\u003eSarbanes-Oxley Act of 2002 40\u003c\/p\u003e \u003cp\u003eAttorney Assistance to the Expert 40\u003c\/p\u003e \u003cp\u003eQualified Appraiser 43\u003c\/p\u003e \u003cp\u003eConcerns about Expert Testimony 44\u003c\/p\u003e \u003cp\u003eCourt-Appointed Expert 46\u003c\/p\u003e \u003cp\u003eConclusion 48\u003c\/p\u003e \u003cp\u003eAppendix: Expert Credentials and Qualifications 49\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Sources of Law and Choice of Courts 58\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 58\u003c\/p\u003e \u003cp\u003eStructure of the American Legal System 59\u003c\/p\u003e \u003cp\u003eTax Law 60\u003c\/p\u003e \u003cp\u003eTax Litigation 62\u003c\/p\u003e \u003cp\u003eConclusion 66\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Burden of Proof in Valuation Controversies 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 67\u003c\/p\u003e \u003cp\u003eBurden of Proof 69\u003c\/p\u003e \u003cp\u003eWho Bears the Burden of Proof? 71\u003c\/p\u003e \u003cp\u003eBurden of Proof: Exceptions to the General Rule 71\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Penalties and Sanctions 76\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 76\u003c\/p\u003e \u003cp\u003eIntroduction 77\u003c\/p\u003e \u003cp\u003eValuation Penalties 78\u003c\/p\u003e \u003cp\u003ePreparer and Appraiser Penalties 81\u003c\/p\u003e \u003cp\u003eGeneral Penalties 82\u003c\/p\u003e \u003cp\u003eDiscretionary Sanctions 84\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 How the Form of Entity Affects Valuation 86\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 86\u003c\/p\u003e \u003cp\u003eIntroduction 87\u003c\/p\u003e \u003cp\u003eCorporations 88\u003c\/p\u003e \u003cp\u003eGeneral Partnerships 89\u003c\/p\u003e \u003cp\u003eLimited Partnerships 89\u003c\/p\u003e \u003cp\u003eLimited Liability Companies 91\u003c\/p\u003e \u003cp\u003eSole Proprietorships 91\u003c\/p\u003e \u003cp\u003eTax Classifications 91\u003c\/p\u003e \u003cp\u003eValuation Considerations 92\u003c\/p\u003e \u003cp\u003eEntity-Level Discounts 94\u003c\/p\u003e \u003cp\u003eChoice of Jurisdiction 95\u003c\/p\u003e \u003cp\u003eConclusion 97\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Valuation of S Corporations and Other Pass-Through Tax Entities: Minority and Controlling Interests 98\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 98\u003c\/p\u003e \u003cp\u003eCase Law Background 100\u003c\/p\u003e \u003cp\u003eS Corporation Minority Interest Appraisals 104\u003c\/p\u003e \u003cp\u003eComparison of Minority Interest Theories—A Summary of the Issues 106\u003c\/p\u003e \u003cp\u003eS Corporation Controlling Interest Appraisals 108\u003c\/p\u003e \u003cp\u003eGeneral S Corporation Appraisal Considerations 110\u003c\/p\u003e \u003cp\u003eConclusion 110\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Transfer Pricing 112\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 112\u003c\/p\u003e \u003cp\u003eIntroduction 113\u003c\/p\u003e \u003cp\u003eConclusion 123\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Customs Valuation 124\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 124\u003c\/p\u003e \u003cp\u003eIntroduction 125\u003c\/p\u003e \u003cp\u003eCustoms Valuation Methods and Concepts 125\u003c\/p\u003e \u003cp\u003eRelated-Party Transactions 130\u003c\/p\u003e \u003cp\u003eConclusion 132\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Adjustments to Financial Statements 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 133\u003c\/p\u003e \u003cp\u003eSeparating Nonoperating Items from Operating Items 134\u003c\/p\u003e \u003cp\u003eAddressing Excess Assets and Asset Deficiencies 135\u003c\/p\u003e \u003cp\u003eHandling Contingent Assets and Liabilities 135\u003c\/p\u003e \u003cp\u003eAdjusting Cash-Basis Statements to Accrual-Basis Statements 136\u003c\/p\u003e \u003cp\u003eNormalizing Adjustments 136\u003c\/p\u003e \u003cp\u003eControlling Adjustments 137\u003c\/p\u003e \u003cp\u003eConclusion 139\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Comparative Financial Statement Analysis 140\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 140\u003c\/p\u003e \u003cp\u003eComparable Ratio Analysis 142\u003c\/p\u003e \u003cp\u003eCommon Size Statements 147\u003c\/p\u003e \u003cp\u003eTying the Financial Statement Analysis to the Value Conclusion 147\u003c\/p\u003e \u003cp\u003eConclusion 148\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Economic and Industry Analysis 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 149\u003c\/p\u003e \u003cp\u003eObjective of Economic and Industry Analysis 150\u003c\/p\u003e \u003cp\u003eInternational Economic Analysis 150\u003c\/p\u003e \u003cp\u003eNational Economic Analysis 150\u003c\/p\u003e \u003cp\u003eRegional and Local Economic Analysis 151\u003c\/p\u003e \u003cp\u003eIndustry Analysis 151\u003c\/p\u003e \u003cp\u003eConclusion 153\u003c\/p\u003e \u003cp\u003ePartial Bibliography of Sources for Economic and Industry Analysis 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Site Visits and Interviews 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 159\u003c\/p\u003e \u003cp\u003eSite Visits 159\u003c\/p\u003e \u003cp\u003eManagement Interviews 160\u003c\/p\u003e \u003cp\u003eInterviews with Persons Outside the Company 160\u003c\/p\u003e \u003cp\u003eConclusion 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 The Income Approach 162\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary of Approaches, Methods, and Procedures 162\u003c\/p\u003e \u003cp\u003eIntroduction to the Income Approach 163\u003c\/p\u003e \u003cp\u003eNet Cash Flow: The Preferred Measure of Economic Benefit in the Income Approach 164\u003c\/p\u003e \u003cp\u003eDiscounting versus Capitalizing 166\u003c\/p\u003e \u003cp\u003eRelationship between Discount Rate and Capitalization Rate 166\u003c\/p\u003e \u003cp\u003eProjected Amounts of Expected Returns 172\u003c\/p\u003e \u003cp\u003eDeveloping Discount and Capitalization Rates for Equity Returns 172\u003c\/p\u003e \u003cp\u003eWeighted Average Cost of Capital (WACC) 176\u003c\/p\u003e \u003cp\u003eThe Midyear Convention 177\u003c\/p\u003e \u003cp\u003eThe Income Approach in the Courts 179\u003c\/p\u003e \u003cp\u003eConclusion 185\u003c\/p\u003e \u003cp\u003eAppendix: An Illustration of the Income Approach to Valuation 186\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 The Market Approach 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 196\u003c\/p\u003e \u003cp\u003eThe Market Approach 196\u003c\/p\u003e \u003cp\u003eRevenue Ruling 59-60 Emphasizes Market Approach 196\u003c\/p\u003e \u003cp\u003eThe Guideline Public Company and the Guideline Transaction (Merger and Acquisition) Method 197\u003c\/p\u003e \u003cp\u003eHow Many Guideline Companies? 202\u003c\/p\u003e \u003cp\u003eSelection of Guideline Companies 204\u003c\/p\u003e \u003cp\u003eDocumenting the Search for Guideline Companies 206\u003c\/p\u003e \u003cp\u003eChoosing Multiples Based on Objective Empirical Evidence 206\u003c\/p\u003e \u003cp\u003eWhat Prices to Use in the Numerators of the Market Valuation Multiples 206\u003c\/p\u003e \u003cp\u003eChoosing the Level of the Valuation Multiple 207\u003c\/p\u003e \u003cp\u003eSelecting Which Valuation Multiples to Use 209\u003c\/p\u003e \u003cp\u003eAssigning Weights to Various Market Multiples 211\u003c\/p\u003e \u003cp\u003eSample Market Valuation Approach Tables 211\u003c\/p\u003e \u003cp\u003eOther Methods Classified Under the Market Approach 211\u003c\/p\u003e \u003cp\u003eConclusion 216\u003c\/p\u003e \u003cp\u003eAppendix: An Illustration of the Market Approach to Valuation 217\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 The Asset-Based Approach 243\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 243\u003c\/p\u003e \u003cp\u003eAdjusted Net Asset Value Method 243\u003c\/p\u003e \u003cp\u003eExcess Earnings Method (The Formula Approach) 244\u003c\/p\u003e \u003cp\u003eConclusion 248\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Entity-Level Discounts 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 249\u003c\/p\u003e \u003cp\u003eTrapped-In Capital Gains Discount 250\u003c\/p\u003e \u003cp\u003eKey Person Discount 256\u003c\/p\u003e \u003cp\u003ePortfolio (Nonhomogeneous Assets) Discount 263\u003c\/p\u003e \u003cp\u003eDiscount for Contingent Liabilities 267\u003c\/p\u003e \u003cp\u003eConclusion 269\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Minority Discounts\/Control Premiums 271\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 271\u003c\/p\u003e \u003cp\u003eMinority Discounts\/Control Premiums 271\u003c\/p\u003e \u003cp\u003eConclusion 278\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 Discounts for Lack of Marketability 279\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary: General Introduction to Shareholder-Level Discounts and Premiums 280\u003c\/p\u003e \u003cp\u003eDefinition of Marketability 281\u003c\/p\u003e \u003cp\u003eBenchmark for Marketability Is Cash in Three Days 281\u003c\/p\u003e \u003cp\u003eInvestors Cherish Liquidity, Abhor Illiquidity 282\u003c\/p\u003e \u003cp\u003eDegrees of Marketability or Lack Thereof 283\u003c\/p\u003e \u003cp\u003eEmpirical Evidence to Quantify Discounts for Lack of Marketability: Restricted Stock Studies 283\u003c\/p\u003e \u003cp\u003eEmpirical Evidence to Quantify Discounts for Lack of Marketability: Pre-IPO Studies 290\u003c\/p\u003e \u003cp\u003eCriticisms of the Pre-IPO Studies 292\u003c\/p\u003e \u003cp\u003eFactors Affecting the Magnitude of Discounts for Lack of Marketability 294\u003c\/p\u003e \u003cp\u003eUse of the Databases for Quantifying Discounts for Lack of Marketability 297\u003c\/p\u003e \u003cp\u003eDiscounts for Lack of Marketability for Controlling Interests 300\u003c\/p\u003e \u003cp\u003eOption Pricing as Indicator of DLOM 305\u003c\/p\u003e \u003cp\u003eDiscounts for Lack of Marketability in the Courts 309\u003c\/p\u003e \u003cp\u003eConclusion 319\u003c\/p\u003e \u003cp\u003ePartial Bibliography of Sources for Discounts for Lack of Marketability 320\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21 Other Shareholder-Level Discounts 321\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 321\u003c\/p\u003e \u003cp\u003eVoting versus Nonvoting Shares 321\u003c\/p\u003e \u003cp\u003eBlockage 324\u003c\/p\u003e \u003cp\u003eDiscounts for Undivided Fractional Interests in Property 330\u003c\/p\u003e \u003cp\u003eConclusion 332\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22 Personal versus Enterprise Goodwill 333\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 333\u003c\/p\u003e \u003cp\u003eDefinitions of Goodwill 334\u003c\/p\u003e \u003cp\u003eTax Implications 334\u003c\/p\u003e \u003cp\u003eIndications of Personal versus Enterprise Goodwill 334\u003c\/p\u003e \u003cp\u003eLandmark Cases 335\u003c\/p\u003e \u003cp\u003eExcerpt from Personal Goodwill Appraisal Report 339\u003c\/p\u003e \u003cp\u003eConclusion 342\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23 Weighting of Approaches 343\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 343\u003c\/p\u003e \u003cp\u003eTheory and Practice 343\u003c\/p\u003e \u003cp\u003eMathematical versus Subjective Weighting 344\u003c\/p\u003e \u003cp\u003eExamples of Weighting of Approaches 345\u003c\/p\u003e \u003cp\u003eConclusion 347\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24 IRS Positions 348\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 348\u003c\/p\u003e \u003cp\u003eIntroduction 349\u003c\/p\u003e \u003cp\u003eRev. Rul. 59-60 350\u003c\/p\u003e \u003cp\u003eRev. Rul. 65-192 358\u003c\/p\u003e \u003cp\u003eRev. Rul. 65-193 362\u003c\/p\u003e \u003cp\u003eRev. Proc. 66-49 363\u003c\/p\u003e \u003cp\u003eRev. Rul. 68-609 366\u003c\/p\u003e \u003cp\u003eRev. Proc. 77-12 368\u003c\/p\u003e \u003cp\u003eRev. Rul. 77-287 370\u003c\/p\u003e \u003cp\u003eRev. Rul. 83-120 376\u003c\/p\u003e \u003cp\u003eRev. Rul. 85-75 379\u003c\/p\u003e \u003cp\u003eRev. Rul. 93-12 381\u003c\/p\u003e \u003cp\u003eTax Advice Memorandum 9436005 383\u003c\/p\u003e \u003cp\u003eRev. Proc. 2003-51 386\u003c\/p\u003e \u003cp\u003eRev. Proc. 2007-41 390\u003c\/p\u003e \u003cp\u003eRev. Rul. 2008-35 393\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25 Business Appraisal Reports 399\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 400\u003c\/p\u003e \u003cp\u003eBusiness Valuation Report-Writing Standards 400\u003c\/p\u003e \u003cp\u003eElements of the Business Valuation Report 412\u003c\/p\u003e \u003cp\u003eOrganization of the Report 418\u003c\/p\u003e \u003cp\u003eQualities of a Good Appraisal Report 418\u003c\/p\u003e \u003cp\u003eConclusion 419\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 26 Valuation of Options 420\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 420\u003c\/p\u003e \u003cp\u003eIntroduction and Background 421\u003c\/p\u003e \u003cp\u003eGeneral Principles of Option Valuation 422\u003c\/p\u003e \u003cp\u003eSpecific Rules for Valuing Options 427\u003c\/p\u003e \u003cp\u003eConclusion 433\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 27 Questions to Ask Business Valuation Experts 434\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSummary 434\u003c\/p\u003e \u003cp\u003eQualifications 434\u003c\/p\u003e \u003cp\u003eFinancial Statement Adjustments and Analysis 435\u003c\/p\u003e \u003cp\u003eEconomic and Industry Data 436\u003c\/p\u003e \u003cp\u003eSite Visits and Interviews 436\u003c\/p\u003e \u003cp\u003eGeneral Questions about Methodology 436\u003c\/p\u003e \u003cp\u003eDiscount and Capitalization Rates in the Income Approach 436\u003c\/p\u003e \u003cp\u003eProjections Used in the Income Approach 438\u003c\/p\u003e \u003cp\u003eThe Market Approach 438\u003c\/p\u003e \u003cp\u003eAsset-Based Approach 438\u003c\/p\u003e \u003cp\u003eEntity-Level Discounts 438\u003c\/p\u003e \u003cp\u003eMinority Interest Discounts\/Control Premiums 439\u003c\/p\u003e \u003cp\u003eDiscounts for Lack of Marketability 439\u003c\/p\u003e \u003cp\u003eVoting\/Nonvoting Stock 439\u003c\/p\u003e \u003cp\u003eQuestions about Contradictory Prior Testimony 439\u003c\/p\u003e \u003cp\u003eAppendix A International Glossary of Business Valuation Terms 441\u003c\/p\u003e \u003cp\u003eAppendix B Bibliography 447\u003c\/p\u003e \u003cp\u003eBooks 447\u003c\/p\u003e \u003cp\u003eArticles and Papers 448\u003c\/p\u003e \u003cp\u003ePeriodicals 450\u003c\/p\u003e \u003cp\u003eMergers and Acquisitions Databases 451\u003c\/p\u003e \u003cp\u003eDiscount for Lack of Marketability Databases 452\u003c\/p\u003e \u003cp\u003eTable of Cases 453\u003c\/p\u003e \u003cp\u003eIndex 461\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52276368507160,"sku":"9780470601624","price":99.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780470601624_148051.jpg?v=1781367782","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/business-valuation-and-federal-taxes-procedure-law-and-perspective-hardback-9780470601624","provider":"Freshly Printed Books","version":"1.0","type":"link"}