Under which set of circumstances would it not be appropriate to assume the value the noncontrolling shares is the same as the controlling shares? a. the acquisition is for less than 100% of the subsidiary.
b. the fair value of the of the noncontrolling shares can be inferred from the value implied by the acquisition price.
c. active market prices for shares not obtained by the acquirer imply a different value.
d. the amount of the "control premium" cannot be determined .

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?