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1-19 d) $756,000 Question 4 11 point Ewing Company ses household furniture, Customers who purchase turniture on the Installment basiske payments in coal monthly installment

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1-19 d) $756,000 Question 4 11 point Ewing Company ses household furniture, Customers who purchase turniture on the Installment basiske payments in coal monthly installment over a two-year period, with no down payment required. Ewing' gross profit on installment Sales 40of the selling price of the furniture For financial accounting purposes, sales revenue is recognized at the time the sales made. For income tax purposes, however, the installment method is used. There are no other book and income tax accounting dirences, and Ewing's income tax rate is Ewing December 31, 2016. balance sheet includes a deferred tax ity of $900.000 arting from the difference between book and tac treatment of the Installment sales. It should also include installent accounts recevable of a $3.000.000 bl $675.000 d $7.500.000 d) $2,250,000 Question 5 (1 point) MacBook Pro derete 1 5 6 7 8 9 0 - | W

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