Valuation of Inventory: Taking Stock of the Guidance
Given divergences in both practice and guidance, inventory valuation can seem challenging. In this webinar, Anthony Pumphrey will illustrate simple, straightforward modifications to the valuation of inventory that you can incorporate into your valuation process. Review what comprises the book value of inventory and valuation guidance from the FASB, the IRS, and the AICPA. Next, walk through an example valuation of raw materials, work-in-progress, and finished goods in accordance with this guidance. The example provided ...
Reduction for Obsolescence and Trademark Rights Key to Ad Valorem Tax
The Georgia Court of Appeals heard this appeal from the Macon-Bibb County Board of Tax Assessors.
Macon-Bibb County Board of Tax Assessors v. J.C. Penney Company
At issue is the plaintiff's claim that the Taxpayer presented no competent evidence of the fair market value of the inventory.
Iowa Supreme Court Affirms Bench Trial Valuation, Upholds No Discount for Lack of Marketability
This action was brought to obtain a court appraisal of the fair value of stock the Kellys owned.
Sieg v. Kelly
At issue is the valuation of the defendant's stock in the plaintiff company, a distributor of automobile parts and supplies.