I own a business and we make acquisitions which are profitable. The "record date" is for December 2009, but the "settlement date" is for January 2010. Can my company recognize the revenue in 2009? What part of the IRC can I find this answer?
Asked on 12/05/09, 11:10 am
1 Answer from Attorneys
Your question leaves a lot of information out. For instance, what "acquisitions" are you talking about? Stock trades?
The next question would be whether your company is on the cash basis or accrual basis for accounting purposes.
Answered on 12/10/09, 8:53 pm
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