Browse Arkansas Code titles and sections
26-51-410. Inventory.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-410. Inventory.
Whenever, in the opinion of the Secretary of the Department of Finance and Administration, the use of inventories is necessary in order to clearly determine the income of any taxpayer, inventories shall be taken by the taxpayer, upon such basis as the secretary may prescribe, conforming as nearly as may be possible to the best accounting practice in the trade or business and most clearly reflecting the income.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-410
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:26-51-410
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: ed6d5f5612c5f43f35e3a50a30f9e9aec9736f2a0039d0958212dbc12c72dad8
Source location: content.xml paragraph 12437
Stored source content
26-51-410. Inventory.
Whenever, in the opinion of the Secretary of the Department of Finance and Administration, the use of inventories is necessary in order to clearly determine the income of any taxpayer, inventories shall be taken by the taxpayer, upon such basis as the secretary may prescribe, conforming as nearly as may be possible to the best accounting practice in the trade or business and most clearly reflecting the income.
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