Under the [...] method, the portion of the total profit of the installment sales that is recognized in each period is determined by the percentage of the total sales price for which the seller has received cash.
Under the [...] method, the portion of the total profit of the installment sales that is recognized in each period is determined by the percentage of the total sales price for which the seller has received cash.
Under the [...] method, the portion of the total profit of the installment sales that is recognized in each period is determined by the percentage of the total sales price for which the seller has received cash.
Answer
installment
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3.2.2. Installment Sales some of the profit is deferred. Two of the methods may be appropriate in these limited circumstances and relate to the amount of profit to be recognized each year from the transaction: the installment method and the cost recovery method . <span>Under the installment method, the portion of the total profit of the sale that is recognized in each period is determined by the percentage of the total sales price for which the seller has received cash. Under the cost recovery method, the seller does not report any profit until the cash amounts paid by the buyer—including principal and interest on any financing from the seller—are grea
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