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Care Development began operations in December 2 0 2 4 When property is sald on an instalment basis, Case recognizes inatalimemt income for financial reporing
Care Development began operations in December When property is sald on an instalment basis, Case recognizes inatalimemt income for financial reporing purposes in the year of the sale. For tax purposes, inatallment income is reported by the intalmem method. instaitment income was $ and wil be colected over the nent dhree yoars Scheduled collections and enacted tax rates for are as follows:
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Cese blso had produst werranty coss of $ expensad tar financul reporing perposes in for tax purpeses, only ine $ p of warrenty cests actualy peid in was ceductod. The remaining $ wil be deducted for tox purpases when poid over the nent thres years os folows.
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