- 3 - valuation date, VIC had total liabilities of $2,543,000. The net value of VIC's assets3 on the alternate valuation date equaled the values of MVN and MVS, plus $645,000 (assets of $3,188,000 minus liabilities of $2,543,000). (...continued) 1562 Alamo Pintado outside of Solvang 475,000 Seven Properties zoned M-1 in Santa Barbara 130 Nopalitos 140,000 126 Nopalitos 61,595 710 Kimball Street 87,785 712 Kimball Street 101,850 718 Kimball Street 101,850 713 Carpinteria Street 101,850 119 Powers Avenue 91,180 Total $2,081,110 Tangible Personalty Equipment & cattle $195,000 Total $195,000 Investments Fair Market Value Chevron Corp. stock $25,974 Pepsico, Inc. stock 154,319 Transamerica Corp. stock 79,463 General Motors stock 14,457 General Motors E stock 1,808 General Motors H stock 709 Western art 66,450 Total $343,180 Other Assets Fair Market Value Cash $72,000 Accounts and notes receivable 293,000 Other current assets 151,000 Other assets 52,000 Total $568,000* *The parties made a computational error in their stipulation. This amount was reported as $516,000 in the stipulation, not $568,000. 3 According to the parties, net asset value is generally the difference between assets and liabilities, where assets have been adjusted to reflect fair market values and liabilities have been adjusted to reflect the reality of their ultimate payment.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011