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Explain the adjustments necessary to translate enterprise value to the total present value of common equity.
To gain the value of the company's common stock add the value of the firm's current assets to the enterprise value this produces the value of the firm's total assets. Next, subtract the values of long-term debt, current liabilities, and preferred stock. The outcome is the present value of common equity.
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Clean Opinion - AUDIT opinion not qualified for any material scope restrictions nor departures from GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). Also called UNQUALIFIED OPINION
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