SIMPSON, Judge:
The Commissioner determined a deficiency of $54,761 in the petitioner's Federal income tax for 1974. After concessions by the petitioner, the issues for decision are: (1) Whether the petitioner may utilize a net operating loss acquired pursuant to a statutory merger; and (2) whether the Commissioner's revaluation of the petitioner's ending inventory constituted a change of the petitioner's accounting method within the meaning of section 481...
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