Fiscal Year and Method of Accounting. The Company’s fiscal year for both tax and financial reporting purposes shall be the calendar year. The method of accounting for both tax and financial reporting purposes shall be the cash method.
Appears in 2 contracts
Sources: Operating Agreement (Cornerstone Core Properties REIT, Inc.), Operating Agreement (Cornerstone Healthcare Plus Reit, Inc.)
Fiscal Year and Method of Accounting. The Company’s 's fiscal year for both tax and financial reporting purposes shall be the calendar yearyear (the "Fiscal Year"). The method of accounting for both tax and financial reporting purposes shall be the cash accrual method. The Company's financial records will be kept in accordance with GAAP.
Appears in 1 contract
Sources: Operating Agreement (Snap on Inc)