Common use of Gross Receipts Clause in Contracts

Gross Receipts. (i) In general. For purposes of this paragraph (c), gross re- ceipts generally means the total amount received or accrued under the method of accounting used by the cor- poration in computing its taxable in- come and is not reduced by returns and allowances, cost of goods sold, or de- ductions.

Appears in 7 contracts

Samples: www.govinfo.gov, www.govinfo.gov, www.govinfo.gov

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!