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Author Question: Which of the following conditions are required for the use of the installment method? (Read 59 times)

yoooooman

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on: Sep 13, 2020

Question 1

When accounting for long-term contracts (other than those for services), all of the following accounting methods may be acceptable with the exception of
◦ the allocated completion method of accounting.
◦ the completed contract method.
◦ the percentage of completion method.
◦ the modified percentage of completion method.

Question 2

Which of the following conditions are required for the use of the installment method?
◦ The taxpayer must realize a gain on the sale of the property.
◦ The taxpayer cannot be on the cash method.
◦ The value of the obligations received is determinable at the date of sale.
◦ All of these are required.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by yoooooman on Sep 13, 2020

wuly

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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yoooooman

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

Mochi

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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