ARTICLE 5. Inventories [24701. - 24710.]

Article 5 added by Stats. 1955, Ch. 938.

§§ 24701–24710 · 3 sections

• § 24701 (a) Section 471 of the Internal Revenue Code, relating to the general rule for inventories, shall apply, except as otherwise provided. (b) (1) For taxable…
• § 24708 Section 474 of the Internal Revenue Code, relating to simplified dollar-value LIFO method for certain small businesses, shall apply, except as otherwise…
• § 24710 (a) For each taxable year beginning on or after January 1, 1997, Section 475 of the Internal Revenue Code, relating to mark to market accounting method for…