Revenue from Installment Sales Is Recognized in the Period Received

question 35

Multiple Choice

Revenue from installment sales is recognized in the period received for tax purposes and recognized in the period earned for accounting purposes.If these periods are different, this is an example of a

• A)permanent difference that gives rise to interperiod tax allocation
• B)permanent difference that does not give rise to interperiod tax allocation
• C)temporary difference that gives rise to interperiod tax allocation
• D)temporary difference that does not give rise to interperiod tax allocation

---

Definitions:

Supply Curve

The supply curve is a graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing and able to supply at various prices.

Commodity Increases

Refers to a rise in the quantity supplied or demanded of a good or service, often due to factors like price changes, improvements in technology, or shifts in consumer preferences.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity supplied.