inventory assets
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1363 — in this subchapter
The term “inventory assets” means stock in trade of the corporation, or other property of a kind which would properly be included in the inventory of the corporation if on hand at the close of the taxable year.
26 U.S.C. § 312 — in this section
The term “inventory assets” means stock in trade of the corporation, or other property of a kind which would properly be included in the inventory of the corporation if on hand at the close of the taxable year.