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An Entity of Type : prov:Entity, within Data Space : webisa.webdatacommons.org associated with source dataset(s)

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  • When the income tax of a taxpayer can be calculated only by including the inventories it must be taken on a basis prescribed by the IRS. The tax will be calculated in as close conformance as possible to the best accounting practice in the trade or business and most clearly reflecting the income[ii].
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