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9 of 75. Which of the following statements regarding the installment sale of an entire business is FALSE? The sale price and expense of sale
9 of 75. Which of the following statements regarding the installment sale of an entire business is FALSE? The sale price and expense of sale of an entire business must be allocated because: O Real and personal property can be reported on the installment method but inventory of personal property cannot. O Any depreciation recapture income from the sale of depreciable property cannot be reported on the installment method. O Assets sold at a loss cannot be reported using the installment method
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