Steve Shanklin founded Shanklin, Inc., a closely held corporation. He is the largest sales producer for the
Question:
Steve Shanklin founded Shanklin, Inc., a closely held corporation. He is the largest sales producer for the company. Steve passed away a few months ago. His estate includes the following assets: - 5,000 shares of common stock, a controlling interest in Shanklin, Inc. - 800 shares of publicly traded stock in a medical company that has grown rapidly but has had reversals since just before Steve's death - An apartment building in a relatively stable area - A life insurance policy on the life of Steve - U.S. Treasury bonds that will mature in 5 years and have been declining in value due to rising interest rates All of the following valuation techniques may apply to the Shanklin estate, EXCEPT: A) The alternate valuation date B) The minority discount C) The lack-of-marketability discounty D) The key person discount E) The face value
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts