The Installment Method of Recognizing Revenue Is Not Acceptable for Financial

question 4

Multiple Choice

The installment method of recognizing revenue is not acceptable for financial reporting if

• A)The collectability of the sales price is reasonably assured
• B)The installment period is less than 12 months
• C)The method is applied to only a portion of the total
• D)Collection expenses can be reasonably predicted

---

Definitions:

Occupational Interest Inventory

A psychological assessment tool designed to explore an individual's preferences and interests in various occupations and work activities.

Successful

Achieving desired visions and planned goals.

Various Jobs

A range of different employment positions across multiple industries or sectors.

Vocational Advice

Guidance and counseling provided to help individuals make decisions about their career paths and employment options.