 | Robert Hiester Montgomery - 1920 - 1304 pages
...with such intention. "Doyle v. Mitchell Brothers, 247 US 179. "TD 2744, July 3, 1918. See page 306. less trade or other discounts except strictly cash...produced by the taxpayer, (a) the cost of raw materials and supplies entering into or consumed in connection with the product, (b) expenditures for direct... | |
 | Prentice-Hall Inc - 1919 - 640 pages
...1583. Inventories at cost.— Cost means: (1) In the case of merchandise purchased, the invoice price less trade or other discounts except strictly cash...produced by the taxpayer, (a) the cost of raw materials and supplies entering into or consumed in connection with the product, (b) expenditures for direct... | |
 | George Edwin Holmes - 1919 - 1052 pages
...taxpayer.39 INVENTORIES AT COST. Cost means: (1) In the case of merchandise purchased, the invoice price less trade or other discounts except strictly cash...charges incurred in acquiring possession of the goods. Goods taken in the inventory which have been so intermingled that they can not be identified with specific... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...purchased. Inventories at Cost.—"Cost" means (1) in the case of merchandise purchased, the invoice price less trade or other discounts, except strictly cash...taxpayer, provided a consistent course is followed, plus transportation or other necessary charges incurred in acquiring possession of the goods; (2) in... | |
 | 1921 - 1088 pages
...less trade or other discounts excepting strictly cash discounts approximating a fair rate of interest, which may be deducted or not at the option of the taxpayer, providing a consistent course is followed. To the net invoice .price should be added the cost of transportation... | |
 | George Edwin Holmes - 1920 - 1186 pages
...purchased.16 INVENTORIES AT COST. Cost means: (1) In the case of merchandise purchased, the invoice price less trade or other discounts except strictly cash...produced by the taxpayer, (a) the cost of raw materials and supplies entering into or consumed in connection with the product, (b) expenditures for direct... | |
 | United States. Bureau of Internal Revenue - 1920 - 346 pages
...1583. Inventories at cost. — Cost means : (1) In the case of merchandise purchased, the invoice price less trade or other discounts except strictly cash...produced by the taxpayer, (a) the cost of raw materials and supplies entering into or consumed in co:: nection with the product, (6) expenditures for direct... | |
 | John F. Sherwood - 1920 - 272 pages
...1583. Reg. No. 45, 1918). "Cost means: "(i) In the case of merchandise purchased, the invoice price less trade or other discounts except strictly cash...produced by the taxpayer, (a) the cost of raw materials and supplies entering into or consumed in connection with the product, (b) expenditures for direct... | |
 | 1920 - 188 pages
...218. Inventories at cost — Cost means: (1) In the case of merchandise purchased, the invoice price less trade or other discounts except strictly cash...produced by the taxpayer, (a) the cost of raw materials and supplies entering into or consumed in connection with the product, (b) expenditures for direct... | |
 | United States. Internal Revenue Service - 1921 - 348 pages
...1583. Inventories at cost. — Cost means: (1) In the case of merchandise purchased, the invoice price less trade or other discounts, except strictly cash...invoice price should be added transportation or other necfcssarycharges incurred in acquiring possession of the goods. (2) In the case of merchandise produced... | |
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In the case of merchandise purchased since the beginning of the taxable year, the invoice price less trade or other discounts, except strictly cash discounts approximating a fair interest rate, which may be deducted or not at the option of the taxpayer,... 
