Financial accounting has emphasized the historical cost approach because of its objectivity. Yet in the event of bankruptcy and liquidation, assets will be liquidated at their market values. In this paper, we compare the probability of insolvency computed using market values to the probability...

This article is about the financial structure and capitalization of agricultural cooperatives. It is not an article directly about agricultural cooperatives and industrialization, merger, strategic alliance, concentration and centralization, and globalization. It is a more modest work about the...

For the uninitiated, the Mississippi Christmas Tree (MCT) is an elaborate and carefully designed business structure which is used to clothe a farming operation that seeks to maximize its receipts from certain commodity programs. Federal law limits payments to participants in certain farm...