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Subject:  Inventory is income? Date:  9/23/2012  9:21 PM
Author:  BlueGrits Number:  116654 of 124815

A poster says that increases in inventory are taxable as income, but I've never heard of such a thing. From what I understand, inventory is simply an exchange of one current asset (cash) for another (goods.

It's quite possible I'm wrong though, but I thought I'd go to the experts. What do you think?
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