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#cfa-level-1 #reading-25-understanding-income-statement #revenue-recognition
International standards note that the guidance for installment sales revenue recognition must be considered in light of local laws regarding the sale of goods in a particular country.
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3.2.2. Installment Sales
ch is the discounted present value of the installment payments, and an interest component. Revenue attributable to the sale price is recognized at the date of sale, and revenue attributable to the interest component is recognized over time.18 <span>International standards note, however, that the guidance for revenue recognition must be considered in light of local laws regarding the sale of goods in a particular country. Under limited circumstances, recognition of revenue or profit may be required to be deferred for some installment sales. An example of such deferral arises for certain sales of real est


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