Value proceeding or accruing definition
Value proceeding or accruing means the consideration, whether money, credits, rights, or other property expressed in terms of money, a person is entitled to receive or which is actually received or accrued. The term shall be applied, in each case, on a cash receipts or accrual basis according to which method of accounting is regularly employed in keeping the books of the taxpayer.
Value proceeding or accruing means the consideration, whether money, credits, rights or other property expressed in terms of money, actually received or accrued. The term shall be applied, in each case, on a cash receipts or accrual basis according to which method of accounting is regularly employed in keeping the books of the taxpayer. The Director of Financial & Management Services may provide by regulation that the value proceeding or accruing from sales on the installment plan under conditional contracts of sale may be reported as of the dates when the payments become due.
Value proceeding or accruing means the consideration, whether money, credits, rights, or other property expressed in terms of money, actu- ally received or accrued. The term shall be applied, in each case, on a cash receipts or accrual basis according to which method of accounting is regularly employed in keeping the books of the taxpayer. The Finance Director may provide by regulation that the value proceeding or accruing from sales on the installment plan under condi-
More Definitions of Value proceeding or accruing
Value proceeding or accruing means the consideration, whether money, credits, rights, or other property expressed in terms of money, actually received or accrued. The term shall be applied, in each case, on a cash receipts or accrual basis according to which method of accounting is regularly employed in keeping the books of the taxpayer. However, persons operating grain warehouses licensed under chapter 22.09 RCW may elect to report the value proceeding or accruing from grain warehouse operations on either a cash receipts or accrual basis. The department of revenue may provide by regulation that the value proceeding or accruing from sales on the installment plan under conditional contracts of sale may be reported as of the dates when the payments become due. [ 2001 c 20 § 1; 1975 1st ex.s. c 278 § 40; 1961 c 15 § 82.04.090. Prior: 1955 c 389 § 10; prior: 1949 c 228 § 2, part; 1945 c 249 § 1, part; 1943 c 156 § 2, part; 1941 c 178 § 2, part; 1939 c 225 § 2, part; 1937 c 227 § 2, part; 1935 c 180 § 5, part; Rem. Supp. 1949 § 8370-5, part.]
Value proceeding or accruing means the consideration, whether money, credits, rights, or other property expressed in terms of money, actually received or accrued. RCW 82.04.090. The taxpayer received payments from its customers for the fuel they purchased at the taxpayer’s stations as well as for fuel they pumped at other franchisees’ locations. The taxpayer was charged for the fuel they pumped. Other franchisees paid the taxpayer for fuel their customers pumped at the taxpayer’s locations. The customers’ payments, as well as those from other franchisees represented value proceeding to the taxpayer from the sale of fuel, tangible personal property. Unless otherwise excludable, these payments constituted “gross proceeds of sales” from engaging in business subject to B&O tax under RCW 82.04.220. Clearly, the fuel pumped by the taxpayer’s customers at the taxpayer’s locations was fuel the taxpayer sold to its customers. Likewise, the taxpayer sold fuel pumped by other franchisees’ customers at the taxpayer’s locations at wholesale to the other franchisees.
Value proceeding or accruing means the whether money, credits, rights, or other property
Value proceeding or accruing means the consideration, whether money, credits, rights, or other property expressed in terms of money, a person is entitled to receive or which is actually received or