Court of Appeals for the Fifth Circuit June 24, 1952, 13886 (Carroll Furniture Co. v. Commissioner of Internal Revenue)

RIVES, Circuit Judge.

This petition for review of a decision of the Tax Court reported at 15 T.C. 943 presents for decision two questions, viz:

1. Whether the taxpayer’s gain was realized and subject to accrual at the time it purchased the accounts receivable of a separate, unrelated concern, or at the time it collected portions of those accounts.

2.