SELECTING ACCOUNTING METHOD AND YEAR. To select as the Partnership's accounting year a calendar year or such fiscal year as approved by the Internal Revenue Service, and to determine the appropriate accounting method or methods to be used by the Partnership. The Partnership intends, initially, to utilize the accrual method of accounting in maintaining the Partnership's books and records and to report on the basis of a calendar year.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co)
SELECTING ACCOUNTING METHOD AND YEAR. To select as the Partnership's accounting year a calendar year or such fiscal year as approved by the Internal Revenue Service, and to determine the appropriate accounting method or methods to be used by the Partnership. (The Partnership intends, initially, to utilize the accrual cash method of accounting in maintaining the Partnership's books and records and to report on the basis of a calendar year.)
Appears in 1 contract
Samples: Limited Partnership Agreement (Performance Asset Management Co)
