1. looking at the value of a publicly traded company does not provide an indication of the value of a privately held company. True or false

2. The lack of marketability discount applies to noncontrolling ownership interest valuations. true or false

3. when recasting earnings, we must add back the items on the income statement that are in essence owner discretion items. These include owner's excessive compensation perks travel vacation homes etc. True or false

4. revenue ruling 59-60 recognizes the diffculty in valuing a privately held company, and reognizes the added value achieved by averaging various approaches to value. True or False

5. it would not be surprising for a valuator to have the same markeability discount for a controlling interest as they would when valuing a minority interest. true or false.

6. the illiquidity discount will not be applied to controlling owenership interest and business. true or false

7. histprical data is much harder to defend than future earnings forecasts, because the past financials are just history and the future is what will most likely occur. true or false