Which of the Following Is Not True Regarding Installment Sales

question 51

Multiple Choice

Which of the following is not true regarding installment sales?

• A)Only gains are eligible for installment sale reporting.
• B)Depreciation recapture is deferred in an installment sale.
• C)The gross profit percentage is needed to determine the annual gain recognized.
• D)Stock sales are ineligible for installment sale treatment.
• E)None of the choices are correct.

Identify the relationship between price levels, income, and consumer purchasing behavior.

Recognize the global interconnectedness of economic fluctuations and the effects of price levels on international trade.

Understand the relationship between aggregate demand and aggregate supply and their impact on the economy's equilibrium.

Identify the factors that cause shifts in aggregate demand and aggregate supply curves.

---

Definitions:

Gridlines

Lines that form a grid on a graph, chart, or worksheet to assist in measuring and aligning objects in design and data representation.

Datasheet

A document summarizing the technical characteristics and performance of a product, material, or component.

Sort & Filter

Features in applications that allow users to organize data in a particular order and display only the information that meets certain criteria.

Save As Query

A command or function that allows the user to save the current state or results of a database query for future use.