At the Time of His Death, Al Owned a Majority

question 49

Essay

At the time of his death, Al owned a majority interest in Macaw Corporation, a closely held holding company. Macaw's major asset is stock in ABC Grocers, a regional supermarket chain. The ABC stock has a per share basis to Macaw of $50 and is currently worth $2,000. In what manner, if any, may these facts have a bearing on the value of the Macaw stock included in Al's gross estate?

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Definitions:

Developmental Change

Transformations or transitions in the psychological, emotional, or physical state of a person or group over time.

External Validity

The extent to which the findings of a study can be generalized to other people, settings, times, measures, and characteristics.

Internal Validity

The extent to which a research study accurately reflects or assesses the specific concepts or variables it is intended to measure.

Descriptive Field Studies

Research that involves observing and describing the behavior of subjects in their natural environment.