The Commissioner determined deficiencies of $12,514.38 and $10,148.99 in the petitioner's excess profits tax for 1942 and 1943. The issues are (1) whether an increase of $125,000 in capital stock in 1917 constituted additional equity invested capital within the meaning of section 718 (a) of the Internal Revenue Code, and (2) whether the respondent erred in disallowing deductions for additions to a reserve for bad debts in 1942 and 1943.
FINDINGS OF FACT.
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