Table 17-1
in 2016, a Developer Sells Land For $\$ 800,000$

question 45

Multiple Choice

Table 17-1
In 2016, a developer sells land for $\$ 800,000$ . The cost of the land was $\$ 500,000$ . He receives a $\$ 200000$ down payment plus three instalments of $\$ 300,000$ , $\$ 200000$ and $\$ 100,000$ which will be paid in 2017, 2018 and 2019 . He uses the instalment method to record revenue. It is decided that $10 \%$ is the appropriate rate of interest.
-Refer to Table 17-1.What amount of profit will be recorded when the 2018 payment is received?

• A)$0
• B)$26 446
• C)$200 000
• D)$31 446

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Definitions:

Grandiose Delusion

A false belief of one's own superiority, uniqueness, or talent that is not grounded in reality, often found in psychiatric conditions like bipolar disorder or schizophrenia.

Grandiose Delusions

Grandiose delusions refer to an individual's irrational and exaggerated belief of self-importance, power, knowledge, or identity.

Persecution Delusions

False beliefs where an individual thinks they are being plotted against, spied on, or harassed by others without evidence.

Control

The power to influence or direct people's behavior or the course of events, often involving a degree of regulation or command.