The Installment Method Can Be Used for Which of the Following

question 104

Multiple Choice

The installment method can be used for which of the following sales with payments being made in the year following the year of sale?

• A)A department store's credit card sales.
• B)An individual's sale of common stock in a family owned business.
• C)An individual's sale of General Electric common.
• D)Depreciable equipment sold for less than its original cost.
• E)All of these.

---

Definitions:

River's Flow

The movement of water in a river channel as it travels from the headwaters to the mouth, influenced by gravity and landscape.

Gravity

The force that attracts a body towards the center of the earth, or towards any other physical body having mass, playing a key role in the movement and deformation of the Earth's crust.

Sediment Load

The amount of sediment, including material chemically dissolved in a solution, carried by a stream.

Clasts

Rock fragments or grains that are cemented together in a sedimentary rock.