If a taxpayer does not know the total amount of proceeds to be received on an installment
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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 from using the installment method of accounting for the sale. Points out of 1.0 Select one:
a. True
b. False \r\n
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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