Statistics of Income 1967

Cover Statistics of Income 1967
Statistics of Income 1967
United States. Internal Revenue Service
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For installment sales, interest received included amounts stated in the contract and certain unstated amounts of interest, as provided in Code section 483.
Other investments Other investments were, in general, long-term non-Govern- ment investments and certain investments for which no dis- tinction could be made as to their current or long-term na- ture. Non-Government investments generally not held for conversion to another form within the coming year included stocks, bonds, loans on notes or
...bonds, loans to subsidiaries, and other types of financial securities.
Real estate not reported as a capital asset could also be in- cluded. In certain instances, land and buildings owned by real estate operators (except lessors of real property other than buildings) , and real holdings of insurance carriers, other than their home office and branch office buildings and equip- ment, were reported as "other investments." Other liabilities Other liabilities were obligations which were not allocable to a specific account on the return form balance sheet and were either noncurrent accounts, in general not due within one year, or accounts which could not be identified as either current or long-term.


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