1. What is an industry risk factor?
Aggressive incentive programs
Significant related-party transactions
New accounting requirements
Significant accounts based upon estimates
All of the above
2. In litigating bankruptcies:
Business valuations make no sense.
The court might direct the valuation expert to ignore the company's excessive debt and value the company as if it had a normal debt level.
The court prohibits many types of business valuation methods.
The valuation expert must be very conservative in his/her valuation amounts.
None of the above