Journal of Accountancy, Հատոր 41American Institute of Certified Public Accountants, 1926 |
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actual additional American amount annual answer appear application assets Association audit balance balance-sheet bank basis bonds capital capital stock cash cent certificate charged committee common concern consideration considered contract corporation cost Cost accounting court December decision deducted depreciation determine discount dividends earnings effect entry examination exchange expenses fact fixed funds given gross important income increase industry Institute interest inventory investment issue January JOURNAL less liabilities loan loss Manufacturing March material matter method necessary notes officers operations paid payable payment period plant practice present principles problem profit public accountant purchase question reason received record reference reserve result securities shares sold statement stockholders Street surplus taken taxpayer tion trust United valuation York
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Էջ 133 - That in the case of foreign corporations subject to taxation under this title not engaged in trade or business within the United States and not having any office or place of business therein...
Էջ 426 - Income may be defined as the gain derived from capital, from labor, or from both combined," provided it be understood to include profit gained through a sale or conversion of capital assets, to which it was applied in the Doyle Case (pp.
Էջ 129 - In a technical legal sense it may be argued that a tax does not accrue until it has been assessed and becomes due; but it is also true that in advance of the assessment of a tax, all the events may occur which fix the amount of the tax and determine the liability of the taxpayer to pay it.
Էջ 49 - That the value of the gross estate of the decedent shall be determined by including the value at the time of his death of all property, real or personal, tangible or intangible, wherever situated...
Էջ 456 - It was to enable taxpayers to keep their books and make their returns according to scientific accounting principles, by charging against income earned during the taxable period, the expenses incurred In and properly attributable to the process of earning income during that period...
Էջ 365 - That individuals carrying on business in partnership shall be liable for income tax only in their individual capacity.
Էջ 49 - ... (c) To the extent of any interest therein of which the decedent has at any time made a transfer, or with respect to which he has at any time created a trust, in contemplation of or intended to take effect in possession or enjoyment at or after his death (whether such transfer or trust is made or created before or after the passage of this Act), except in case of a bona fide sale for a fair consideration in money or money's worth.
Էջ 456 - A consideration of the difficulties involved in the preparation of an income account on a strict basis of receipts and disbursements for a business of any complexity, which had been experienced in the application of the Acts of 1909 and 1913 and...
Էջ 385 - A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence.
Էջ 40 - Columbia, or (h) his certificate as a certified public accountant shall have been revoked or withdrawn by the authority of any state or territory of the United States or of the District of Columbia and such revocation or withdrawal remains in effect.