You have been asked by the management of Transfer to research the proper report

You have been asked by the management of Transfer to research the proper reporting of income from the contracts for GAAP Federal Income Tax and deferred tax
accounting if there are differences between the GAAP and tax treatments. Required: Prepare a research memorandum in good form. FORMAT FOR MEMO: FACTS: ISSUES: CONCLUSIONS: GAAP TREATMENT FEDERAL INCOME TAX TREATMENT DEFERRED TAX TREATMENT (if this is an issue) SUPPORT:
-CITE AND EXPLAIN PRIMARY SOURCES IN GAAP THAT SUPPORT YOUR POSITION
-CITE AND EXPLAIN PRIMARY SOURCES IN FEDERAL INCOME TAX THAT SUPPORT YOUR POSITION
-CITE AND EXPLAIN PRIMARY SOURCES IN GAAP IF THERE ARE DEFERRED TAX ISSUES appendix with calculations if you choose to not put these in the body of your memo you may do your analysis on a single contract basis rathe than aggregate the 2200 contracts