Errors in the enterprise-to-equity bridge may cause cash, debt, working capital, or non-operating assets to be counted twice, omitted entirely, or treated inconsistently among valuation approaches. These errors can be particularly significant in litigation and marital dissolution matters, where the ultimate question is generally the value of a specific ownership interest rather than only the value of the company’s operations. A business valuation may employ an appropriate methodology, a reasonable benefit stream, and a supportable discount rate or market multiple, yet still arrive at an incorrect conclusion of equity value. One of the most common reasons is an error in…