When the valuation subject is a controlling ownership interest in the company, the existing total compensation less___________ compensation may be considered excess compensation.
Answer(s): D
Proprietary technology is also counted in intangibles such as, a trained and assembled workforce, special know-how, customer relationships, supplier relationships, or other intangible assets that make the company available competitors and give it earning power. Some closely held business owners call these intangibles:
An analysis of fixed and variable expenses will help the analyst understand:
Answer(s): A
To get an explanation or interpretation of something on the financial statements, or to consult working papers for details that augment the financial statements, it may be necessary to interview the company’s outside independent accountant. This is most often the case when:
Answer(s): A,B
___________ are excellent sources of statistical, analysis ad projections of regional, national and international economic and financial conditions.
Answer(s): B
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