tailieunhanh - Market Segment Specialization Program Auto Body and Repair Industry

We know that markets are global. The recent crude oil price increases, which translate into higher prices at the pump, have many causes, including the global economic recovery and unrest in the Middle East. But a major cause of the recent price rise is the concern that global oil demand will outpace supply over the next few years. The dependence of the global vehicle fleet on oil makes this problem especially acute. That’s why we are working to reduce oil demand and increase reliable supplies of oil around the world in the years ahead,. | Market Segment Specialization Program Auto Body and Repair Industry The taxpayer names and addresses shown in this publication are hypothetical. They were chosen at random from a list of names of American colleges and universities as shown in Webster s Dictionary or from a list of names of counties in the United States as listed in the United States Government Printing Office Style Manual. This material was designed specifically for training purposes only. Under no circumstances should the contents be used or cited as authority for setting or sustaining a technical position. Department of the Treasury Internal Revenue Service Training 3149-127 8 95 TPDS 83999S Auto Body Repair Industry TABLE OF CONTENTS Page Introduction . xi Chapter 1 -- The Nature of Auto Body Repair Industry Overview. 1-1 Description of Auto Body Repair Process . . . 1-2 Repair Replacement . 1-2 Paint Process. 1-2 Other Processes. 1-3 Estimation Process . 1-3 Differences Between Body and Repair Shops . . 1-4 Chapter 2 -- Documents Available Introduction . 2-1 General Books and Records . 2-1 Specific Documents . 2-2 The Mitchell Guide. 2-5 Organization of Records . 2-5 Chapter 3 -- Initial Interview Tour of Business Initial Interview . 3-1 Tour of Business. 3-4 iii Chapter 4 -- Balance Sheet Accounts and M-1 Analysis Introduction . 4-1 Comparative Review . 4-1 Cash Account. 4-2 Inventories . 4-3 Buildings and Other Depreciable Assets . 4-3 Other Receivables . 4-4 Liabilities and Shareholder s Equity . 4-4 Treasury Stock . 4-4 Schedule M-1 Review . 4-5 Chapter 5 -- Sales Introduction . 5-1 Categories of Charges . 5-4 Labor. 5-4 Sublet. 5-4 Towing. 5-4 Storage. 5-5 Estimate Fees. 5-5 Vehicle Sales . 5-5 Sales Tax. 5-5 Other Income Sources. 5-6 Rebates and Refunds of Expense . 5-6 Sublease of Premises and Equipment . . 5-6 Advertising Space . 5-6 Old Checks. 5-6 .

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