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This page intentionally left blank. - UncleFed

this page intentionally left OF CONTENTSP reface ..vii chapter 1, Industry Industry Industry Impact of State Regulation and State Titling Issues and Automobile Initial Sources on Used Car 1-18 chapter 2, Accounting MethodsGeneral Change of chapter 3, Gross ReceiptsIntroduction to Gross Internal Miscellaneous Income ..3-2 Fee Rebate Warranty Dealer Sales Taxes, Registration & Licensing Non-Taxable Income ivState Departments of Transportation/Motor chapter 4, COST OF GOODS SOLD/INVENTORYI ntroduction to Cost of Goods Inventory Accounting Cost Basis of a Trade-in.

1-1 Chapter 1 INDUSTRY BACKGROUND INTRODUCTION The used car industry, as with any industry has certain business practices that are used throughout the industry.

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