Publicly traded stock is normally valued in tax settings by multiplying the mean between the highest and lowest sales price on the valuation date by the number of shares of stock. However, when a large block of publicly traded stock must be valued, the valuation process is more complex. This study identifies the variables cited by the courts and the tax literature in these valuation cases. Multiple regression analysis is then used to develop mathematical models of the courts' decision results. The model developed using Tax Court cases is compared to a model developed using cases from the Tax Court, the Court of Claims, and the district courts.

Reviews the book "Financial Management and Inflation," by Harold Bierman.

Reviews the book "International Accounting and Multinational Enterprises," by Jeffrey S. Arpan and Lee H. Radebaugh.

Reviews the book "Illustrations and Analysis of Disclosures of Pension Information," by Hortense Goodman, Frank C. Munn, Anthony Phillips and Miklos Vasarhelyi.

Reviews the book "Essays in Honour of Trevor R. Johnston," edited by D.M. Emanuel and I.C. Stewart.

Reviews the book "EDP Controls and Auditing," 3rd ed., by W. Thomas Porter and William E. Perry.

Reviews the book "Understanding Inflation Accounting," by Tomothy S. Lucas.

Reviews the book "Intermediate Accounting," by James Don Edwards, Johnny R. Johnson and Roger A. Roemmich.

Reviews the book "Accounting Theory & Policy: A Reader," by Robert Bloom and Pieter T. Elgers.

This paper presents an extension of PERT/COST which cost accounting instructors can use as the basis for a one- or two-day review of the planning and control cycle. The article stresses performance measurement and responsibility accounting, but the illustrations provided can also be a useful vehicle for a class discussion of such thorny issues as (1) which costs should managers be held responsible for, (2) how should joint costs be allocated, and (3) should joint costs be included in performance reports?