Question
If a taxpayer does not know the total amount of proceeds to be received on an installment sale, e.g. contingent earn-out proceeds, they are precluded
If a taxpayer does not know the total amount of proceeds to be received on an installment sale, e.g. contingent earn-out proceeds, they are precluded from using the installment method of accounting for the sale. Points out of 1.0 Select one:
a. True
b. False \r\n
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
2nd edition
9780077493677, 78025516, 77493672, 9780077826482, 978-0078025518
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