Income approach inappropriate where no going concern

Business Valuation UpdateVol. 5 No. 3
Legal and Court Case Update
March 1999
5812 Eating and Drinking Places
722320 Caterers
marital dissolution/divorce
marital dissolution

McAffee v. McAffee
971 P.2d 734, 1999 Ida. App. LEXIS 1
January 5, 1999
State Court
Court of Appeals
Don Cain (for wife); Brent Thompson (for husband)
Perry, Lansing, Schwartzman


The McAffees filed for divorce in 1992. Among the many disputed issues at trial was the value of the parties' stock in Western Catering, Inc., a closely held company.

See Also

McAffee v. McAffee

At issue is the valuation of the parties' stock in Western Catering Inc. and their percentage of ownership in that closely-held business.