FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Suppose that the Atlantic Sun conference is a for-profit organization that can be
bought. Suppose an investor bought 1% of the conference for $3,600,000.
Assuming a controlling interest premium of 80%, what is the value of the conference
according to the equity shares sold method?
$648,000,000
$288,000,000
$360,000,000
$6,480,000
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Transcribed Image Text:Suppose that the Atlantic Sun conference is a for-profit organization that can be bought. Suppose an investor bought 1% of the conference for $3,600,000. Assuming a controlling interest premium of 80%, what is the value of the conference according to the equity shares sold method? $648,000,000 $288,000,000 $360,000,000 $6,480,000
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