Memorandum Opinion
LeMIRE, Judge:
The Commissioner determined deficiencies of $11,318.19 in income tax for 1953.
All of the facts in the case have been stipulated and are found as stipulated.
The petitioners are husband and wife who operated a retail trailer sales business in Sacramento, California. They kept their books and filed their Federal income tax returns on an accrual method of accounting. They sold trailers on credit in transactions...
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