Standards of value: theory and applications
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Hoboken, NJ
Wiley
2013
|
| Edition: | 2. ed. |
| Series: | Wiley finance series
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Includes index |
| Physical Description: | XXIX, 458 S. |
| ISBN: | 9781118138533 |
Staff View
MARC
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| 100 | 1 | |a Fishman, Jay E. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Standards of value |b theory and applications |c Jay E. Fishman, Shannon P. Pratt, William J. Morrison |
| 250 | |a 2. ed. | ||
| 264 | 1 | |a Hoboken, NJ |b Wiley |c 2013 | |
| 300 | |a XXIX, 458 S. | ||
| 336 | |b txt |2 rdacontent | ||
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| 650 | 0 | 7 | |a Fair-Value-Bewertung |0 (DE-588)4802015-1 |2 gnd |9 rswk-swf |
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| 700 | 1 | |a Pratt, Shannon P. |d 1933-2021 |e Verfasser |0 (DE-588)142483109 |4 aut | |
| 700 | 1 | |a Morrison, William J. |e Verfasser |4 aut | |
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Record in the Search Index
| _version_ | 1804150600769732608 |
|---|---|
| adam_text | Prelaw
xvi
Acknowtedgmentt
xxi
Atout
tta Authors
xxv
1
Purpose
1
Every Appraisal Is Unique
3
Fair Value versus Fair Market Value
4
Historical Perspective
5
Chapter Preview
8
Chapter
1:
Common Standards and Premises of Value
8
Chapter
2:
Fair Market Value in Estate and Gift Tax
8
Chapter
3:
Fair Value in Shareholder Dissent and Oppression
9
Chapter
4:
Standards of Value for Partnership and
Limited Liability Company Buyouts
10
Chapter
5:
Standards of Value in Divorce
12
Chapter
6:
Fair Value in Financial Reporting
13
How Standard of Value Can Affect the Ultimate
Conclusion of Value
13
aurai
Common Standards and Premises
17
Price, Value, and Cost
17
Defining a Standard of Value
19
Premises of Value
20
Common Standards of Value
21
Fair Market Value
21
Fair Value
23
Investment Value
24
CONTENTS
Intrinsic Value
25
Book Value
27
Common Operational Premises Underlying
*
the Standard of Value
28
Going Concern
28
Liquidation Value
29
Fair Value in Alternative Contexts
30
Fair Market Value in Alternative Contexts
31
Standards of Value in the International Context
. 32
Summary
33
СНАРТИ2
Fak·
Market
Vak»
in Estate and Girt fex
85
Introduction
35
Common Definitions of Fair Market Value
36
History of Fair Market Value
37
United States v. Fourteen Packages of Pins
38
Elements of Fair Market Value
41
Price at Which a Property Would Change Hands
42
Willing Buyer
44
Willing Seller
54
No Compulsion to Buy or Sell
59
Reasonable Knowledge of Relevant Facts
63
Common Discounts
80
Summary
87
ouvras
«» kl!
Gilbert
E.
Matthews and Michelle Patterson
Fair Value as the Standard of Value in Dissent,
Oppression, and Entire Fairness Cases
89
The Appraisal Remedy for Dissenting Shareholders
94
History and Overview of the Appraisal Remedy
94
Appraisal Rights Today
97
Appraisal Rights in Publicly Traded Corporations:
The Market Exception
99
Fair Value Can Be Less Than Arms -Length Price
102
The Oppression Remedy
106
Development of the Oppression Remedy
106
Context of Oppression Remedy
107
Dissolution as a Remedy for Oppression
110
Ή
Contents
ЇХ
Shareholder Buyouts as an Alternative Remedy
110
Examples of Oppression
116
Fair Value Is the Standard of Value in Appraisal and
Oppression in Almost
AU
States
121
Fair Value as Defined by Various Authorities and Statutes
121
The Valuation Date
—
Before the Effectuation of the
Corporate Action to Which the Shareholder Objects
125
Valuation Date in Appraisal Cases
125
Valuation Date in Oppression Cases
126
Customary and Current Valuation Techniques
130
Fair Value in Delaware
139
Delaware Fair Value Standards
139
Entire Fairness in Delaware
140
Components of Fair Value in Delaware
144
Ohio s Unique and Unfavorable Standard of
Value in Appraisals
155
Fair Value Normally Excludes Discounts
and Premiums
157
Most States Now Reject Minority and
Marketability Discounts
157
Levels of Value
159
Discounts at the Shareholder Level
160
The Implicit Minority Discount
163
No Premiums Are Applicable to DCF Values
167
Discounts at the Corporate Level
168
Control Premiums at the Corporate Level
169
Some States Permit Considering Extraordinary
Circumstances in Determining Whether to
Apply Discounts
171
Court Decisions Have Moved toward Rejecting Discounts
172
Equitable Adjustments to Fair Value
188
Consideration of Wrongdoing in Calculating Fair Value
188
Damage Claims
193
Summary
194
ОИРТВІ4
»■pay
Mynts
187
NoahJ. Gordon
Introduction
197
Buyout upon Dissociation
198
χ
CONTENTS
Buyout in Lieu of Dissolution
199
Dissenters Rights
200
Partnerships and Limited Liability
Partnerships (LLPs)
200
Limited Liability Partnerships
201
General Partnership Standard of Value Cases
212
Limited Partnerships
216
Limited Liability Companies, Generally
222
Uniform Acts
223
Buyout in Lieu of Dissolution
224
Withdrawal and Buyout
228
Dissenters Rights
231
Professional LLCs
232
LLC Decisions
232
Summary
235
СНАРТПб
StMrtlPtft tf VMM
li
DtVSPCt
287
Introduction
237
Marital Property: General Background and History
240
Identification of Marital Property and Separate Property
242
Relationship between Valuation and Identification
of Intangible Assets
244
Appreciation on Separate Property
246
Premises and Standards of Value in Divorce
249
Premises of Value
249
Standards of Value
250
Premises of Value Revealed through the Valuation of
Insurance Agencies
255
Concepts of Value under the Two Premises
257
Standards of Value in Divorce among the
50
States
258
Lack of Statutory Insight
258
Revealing Standard of Value through Case Law
260
Toward a Standard of Value Classification System
265
Value in Exchange
274
Goodwill
274
Lack of Control and Marketability Discounts under
Value in Exchange
290
Fair Value
293
Buy-Sell Agreements under Value in Exchange
299
Value to the Holder
304
Contents
Goodwill
304
Double
Dipping
315
Shareholder-Level Discounts under the Value
to the Holder Premise
317
Fair Value
317
Buy-Sell Agreements under Value to the Holder
318
Summary
320
Neil J. Beaton
Introduction
323
Fair Value in Financial Reporting: What Is It?
324
Application of Fair Value
325
History of Fair Value in U.S. Accounting Literature
328
Application of the Fair Value Standard to
Business Combinations
333
Application of the Fair Value Standard to Asset
Impairment Tests
336
Interpretation of Fair Value Compared to Other
Standards of Value
339
Fair Value in Financial Reporting versus Fair Value in
Dissenters Rights Cases
339
Fair Value in Financial Reporting versus Investment Value
339
Fair Value in Financial Reporting versus Fair Market Value
340
Audit Issues
342
Summary
343
Appendix: Sources of Information
344
147
Introduction
347
International Valuation Standards Council
347
Valuation Organization
348
Broad Definitions
350
Approaches to Valuation
351
Types of Property
352
Toronto Valuation Accord
353
Mission and Objectives
354
Definitions
355
Fair Value Measurement
356
CONTENTS
Conclusion
357
Royal Institute
of Chartered Surveyors
358
International Financial Reporting Standards
358
Sbnbnlssf VMm hi Dtwrct GtattMcfUiM by
Stati
877
Мім
448
|
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| author | Fishman, Jay E. Pratt, Shannon P. 1933-2021 Morrison, William J. |
| author_GND | (DE-588)142483109 |
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| dewey-ones | 657 - Accounting |
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| dewey-search | 657/.73 |
| dewey-sort | 3657 273 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 2. ed. |
| format | Book |
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| id | DE-604.BV041183424 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T00:41:30Z |
| institution | BVB |
| isbn | 9781118138533 |
| language | English |
| lccn | 2012049070 |
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| physical | XXIX, 458 S. |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | Wiley |
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| series2 | Wiley finance series |
| spelling | Fishman, Jay E. Verfasser aut Standards of value theory and applications Jay E. Fishman, Shannon P. Pratt, William J. Morrison 2. ed. Hoboken, NJ Wiley 2013 XXIX, 458 S. txt rdacontent n rdamedia nc rdacarrier Wiley finance series Includes index Valuation Fair value Accounting Fair-Value-Bewertung (DE-588)4802015-1 gnd rswk-swf Fair-Value-Bewertung (DE-588)4802015-1 s DE-604 Pratt, Shannon P. 1933-2021 Verfasser (DE-588)142483109 aut Morrison, William J. Verfasser aut Erscheint auch als Online-Ausgabe 978-1-118-22540-0 Erscheint auch als Online-Ausgabe 978-1-118-23891-2 Erscheint auch als Online-Ausgabe 978-1-118-26351-8 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026158658&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Fishman, Jay E. Pratt, Shannon P. 1933-2021 Morrison, William J. Standards of value theory and applications Valuation Fair value Accounting Fair-Value-Bewertung (DE-588)4802015-1 gnd |
| subject_GND | (DE-588)4802015-1 |
| title | Standards of value theory and applications |
| title_auth | Standards of value theory and applications |
| title_exact_search | Standards of value theory and applications |
| title_full | Standards of value theory and applications Jay E. Fishman, Shannon P. Pratt, William J. Morrison |
| title_fullStr | Standards of value theory and applications Jay E. Fishman, Shannon P. Pratt, William J. Morrison |
| title_full_unstemmed | Standards of value theory and applications Jay E. Fishman, Shannon P. Pratt, William J. Morrison |
| title_short | Standards of value |
| title_sort | standards of value theory and applications |
| title_sub | theory and applications |
| topic | Valuation Fair value Accounting Fair-Value-Bewertung (DE-588)4802015-1 gnd |
| topic_facet | Valuation Fair value Accounting Fair-Value-Bewertung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026158658&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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