Which of the Following Is NOT True Regarding Installment Sales

question 68

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.

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