Short Paper 2

Review the following case:

Jim Turin & Sons, Inc., Petitioner-Appellee, v. Commissioner of Internal Revenue, Respondent-Appellant.

http://law.justia.com/cases/federal/appellate-courts/F3/219/1103/532061/

Analyze the cash method and the accrual method described in the case above.How did JimTurin& Sons, Inc. assert its position?What were the key points in the decision that determined revenue recognition? 

Specifically,the following critical elementsmust be addressed:

 Analyzes the cash method described in the case

 Analyzes the accrual methods described in the case

 Assesses how Jim Turin & Sonsinc. asserted its position in the case

 Summarizes the key points in the decision that determined revenue recognition 

Guidelines for Submission:

Your paper must be submitted as a 2 page Microsoft Word document with double spacing, 12-point Times New Roman font, oneinch margins, and at least three sources cited in APA format. Your paper mustinclude at least three key points that determine the revenue recognition.