Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 8 July 2005
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Abstract
In two cases consolidated for decision, the Court articulates the tests to be used when deciding whether an item is income or a gift and therefore, not income. Both cases are colorful. The first involves the unsolicited receipt of a Cadillac. The second involves transfer by the much photographed Trinity Church which sits at the end of Wall Street.
Industry:
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 1 April 1988
Length: 3 pages
Data source: Published sources
About
Abstract
In two cases consolidated for decision, the Court articulates the tests to be used when deciding whether an item is income or a gift and therefore, not income. Both cases are colorful. The first involves the unsolicited receipt of a Cadillac. The second involves transfer by the much photographed Trinity Church which sits at the end of Wall Street.
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Industry:
Related
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 1 April 1988
Length: 3 pages
Data source: Published sources