In this presentation we’re going to talk about valuation of business entities when there’s going to be an external expansion. In other words, a merger or consolidation, get ready to act because it’s time to account with advanced financial accounting. We’re continuing on with our discussion of external expansion. That means we’re have two separate entities that are going to be combining in some way shape or form. The two types that we want to keep in mind at this point is the acquisition of assets and the acquisition of stocks. So if the acquisition of assets we have one company acquired another assets using negotiation with management, so that means you have two separate entities and one entity is basically going to be purchasing the assets of the other entity versus the acquisition of stock, where we have a majority of outstanding voting shares is generally required, unless other factors result in the gaining of control. So in other words, you have two entities, one entity in essence buying a controlling share or controlling ownership over 50% typically 51 and above. Have another entity. So from an accounting perspective, then the question is, well, how are we going to value the assets and liabilities. Now when we think about the assets and liabilities, we may have to use an appraisal oftentimes, in order to do so because remember, if you’re talking about some assets, they might may be on a fair value method, because you might be talking about cash or something like that, or possibly stocks or investments in that way, that may be easy to value with a market method. However, if you’re talking about things like property, plant and equipment, then it’s going to be more difficult to know what the value is. That’s the problem because there hasn’t been a market transaction for that exact same piece of equipment for some time.