Memorandum Findings of Fact and Opinion
FORRESTER, Judge:
Respondent has determined deficiencies in petitioner's Federal income tax for its taxable years 1972, 1973, and 1974, in the amounts of $92,056.99, $34,444.54, and $21,232.29, respectively. The issues presented for our decision are (1) whether petitioner should have reported its income on an accrual rather than the cash method of accounting, (2) whether respondent properly calculated petitioner's...
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