Profit Standards

Abstract

I. Nature of the problem, 224. —II. The rationale of renegotiation, 225. — III. Standards in profit determination, 227.—IV. The equity financing standard, 228. — V. The market appraisal standard, 234. — VI. The comparative earnings standard, 238. — VII. The historical earnings standard, 243. — VIII. A comparison of the results of the four earnings standards, 244. — IX. Recapitulation and Implications, 248.