inventory assets
Defined in 2 places — 1 distinct definitions of the United States Code.
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.
Same definition in 2 sections
- 1994–present26 U.S.C. § 1363Internal Revenue Code · Effect of election on corporation · in this subchapter
- 1994–present26 U.S.C. § 312Internal Revenue Code · Effect on earnings and profits · in this section