The taxpayer won the case by convincing the court that the installment sale rules required all charge sales that met the definition of "installment sale" to be accounted
for under the installment method.
116 and 124 allow temporarily restricted income and contributions to be accounted
for as unrestricted income if the restriction is met in the same accounting period.
The following consensus was reached regarding investments accounted
for under the cost method:
The issue is whether these transactions should be accounted
for as borrowings in accordance with paragraphs 21 and 22 of FASB Statement no.
The movement, they contend, will transform how business is conducted and, in turn, how transactions are accounted
for and reported on a global basis.
97 contracts should be accounted
for as a catch-up adjustment.
structurings deal with accounting for foreclosure or repossession of assets in satisfaction of receivables and requires foreclosed assets be accounted
for at their fair value at the time of foreclosure.