Which statement is true?
1. Liquidation value is the value of the assets if they had to be sold under pressure.
2. Earnings valuations entail multiplying the earnings of the venture by a price earnings ratio or dividing the earnings by some capitalisation factor.
3. The book-value of an asset is the historical cost of the asset less accumulated depreciation.
4. Control issues are negotiable and not solely dependent on the proportion of stock the investors have purchased. All minority stockholders have rights.
5. Social trends refer to the modes and manners in which people life their lives. Lifestyles reflect people's tastes and preferences in an economic sense.