Identify which of the following statements is true.
a. organizational expense amortized over fifteen years for purposes of determining taxable income results in an upper adjustment in the initial years to book income on the schedule minus−1 when the expense is being amortized over ten years for book income purposes.
b. schedule minus−1 (form 1120) is an analysis of the corporation's retained earnings.
c. form 1120 schedule l contains the corporation's income statement.
d. all of the above are false.

What is private equity investing? who participates in it and why? how is palamon positioned in the industry? how does private equity investing compare with public market investing? what are the similarities and differences between the two? why is palamon interested in teamsystem? does it fit with palamon’s investment strategy? how much is 51% of teamsystem’s common equity worth? use both a discounted cash flow and a multiple-based valuation to justify your recommendation. what complexities do cross-border deals introduce? what are the specific risks of this deal? what should louis elson recommend to his partners? is it a go or not? if it is a go, what nonprice terms are important? if it’s not a go, what counterproposal would you make?