Summary
Court requires normalization adjustment in statutory appraisal of company, pursuant to its finding that shareholder salaries were excessive and that professional BV standards require normalization adjustments in income approach.
Blackburn v. TKT and Associates, Inc.
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See Also
AICPA and NACVA Standards Support Normalization Adjustments in Shareholder Buyout
Court requires normalization adjustment in statutory appraisal of company, pursuant to its finding that shareholder salaries were excessive and that professional BV standards require normalization adjustments in income approach.