Common use of ACCOUNTING BASIS FOR TAX REPORTING PURPOSES; FISCAL YEAR Clause in Contracts

ACCOUNTING BASIS FOR TAX REPORTING PURPOSES; FISCAL YEAR. The books and records of the Company shall be kept on an accrual basis. The Managers contemplate that each Fiscal Year shall end on the Saturday closest to December 31 of each calendar year.

Appears in 5 contracts

Sources: Company Agreement (Golfsmith International Holdings Inc), Company Agreement (Golfsmith International Holdings Inc), Company Agreement (Golfsmith International Holdings Inc)