Analyze the Cash Method Described in this Case Jim Turin & Sons Inc. (“the taxpayer”) have been using the cash method to report income for the company. The cash method recognizes income once payment has been received. It also includes deducting the cost of asphalt. By not claiming the asphalt as inventory the taxpayer can recognize their income as it comes in instead of when the job is completed. “The Commissioner determined that asphalt was “merchandise‚” under Treas. Reg.S. 1.471-1‚ such that taxpayer
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“It’s always the badly dressed people who are the most interesting.” -Jean Paul Gaultier Mackenzie Cuvelier FM 114-25B Professor Reid June 15th 2015 Jean Paul Gaultier was born on April 24th 1952 in a suburb of Paris. His mother was a clerk and his father was an accountant‚ so it was his grandmother who introduced him to the fashion world. He began by sending sketches to famous couture stylists at an early age. Pierre Cardin was so impressed by his
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have bargained for whatever was exchanged and struck a deal. In the case of Kim v. Son‚ there is no consideration. There was no bargain exchanged between the two parties. Son felt guilty over Kim’s losses and thus offered a gratuitous gesture to repay Kim. This gesture is not enforceable in court. Since Son and Kim did not bargain for it‚ there is no contract‚ and Son does not owe Kim any money. It was only after Son wrote on a napkin in his own blood to repay Kim back “to the best of his ability”
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Just finished two really interesting books. If you get the chance you should read. - heroes for my son- Brad Meltzer also -heroes for my daughter- Brad Meltzer. These two books are very touching‚ they describe some of people in history that young people should look up to and what they are known for. I have to say I think that my favorite is probably between two woman. One of which is Harriet Tubman‚ this was a dark skinned woman what she did happened during the Underground Railroad. She had escaped
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John Paul Jones: The Father of the American Navy In times of the Revolutionary War‚ the delegates of the Continental Congress were trying to find ways to make their army more powerful. When John Paul Jones arrived‚ he helped to make and introduce the idea of a navy‚ which obviously was something that the delegates questioned and were not sure about. Jones was a Scottish sailor and an officer of the historical and well-known Continental Congress and a person that when first came to the United States
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wishes I was a little baby that she could hold in her arms and rock to sleep. “My Son the Man” by Sharon Olds expresses the same feeling that my mom does. She is afraid of her “baby boy” growing up and becoming a man. I believe it is quite obvious that the poem “My Son the Man” is about a mother’s fear of her son growing up. When I first read the poem‚ I was torn between if she was about to give birth to her son‚ or if he was actually becoming a man. The cause of this confusion comes one line
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“Thank you” was all I could say. Suddenly‚ all of our soldiers started to retreat. The one who saved my life yelled out‚ “Brave Sons of China‚ follow me!” These 6 words brought out the hero in all of us. The one who saved my life suddenly broke the enemy line with his courage. The enemy fled! We had won the battle! The man who saved me‚ who’s name was Ming Yao‚ was promoted
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Jerome Paul Witkin The work of art that I chose is Jeff Davies‚ an oil painting painted in 1976 by Jerome Paul Witkin. It depicts a man‚ presumably named Jeff Davies‚ standing and taking up the entire frame of the picture. He is wearing a plain tee shirt which is stretched over and exposing a bit of his protruding stomach‚ a pair of worn jeans‚ a huge down coat‚ and a hat. He stands in a plain‚ dirty-looking room. At the very bottom of the painting is the edge of a table and a mostly empty plate
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called “X Marks the Spot.” This fable is about an old man who is dying‚ and has three lazy sons. The father owns a large land‚ that was a vineyard. As the old man was on his deathbed he told his sons that he has buried a treasure in the vineyard. The three lazy sons were shot with energy and happiness‚ that they started to dig and try to find the treasure through out the entire vineyard. As the three sons fully dug the vineyard‚ they couldn’t find the treasure. After a couple of days the vineyard
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Both son and daughter are a blessing for the parents. It is a fact that the strongest and the most sincere love exists in the relation of the parents and their children. No child is born good or bad‚ it is the qualities he/she adopts with the passage of time that make him/her stand good or bad. A good son or a good daughter would be obedient to his parents. It is religious obligation‚ a social norm and an indication of refined behaviors and a peaceful family set up for the children to be obedient
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