Rondoletti Associates has sold a good to a buyer and wants to recognize revenue. Which of the following is an indicator that control of a good has passed from Rondoletti to the buyer?

A. Buyer has not scheduled delivery.

B.Buyer has scheduled delivery.

C.Buyer has assumed the risk and rewards of the ownership.

D. Buyer has a strong credit history, such that bad debts are reasonably estimable.

INSTALLMENT SALES

Pearsonspecter, Inc. which began operations on January 2, 2019, appropriately uses the installment method of accounting. The following information pertains to Pearsonspecter's operations for the 2019:

Installment Sales1,200,000Regular Sales800,000Cost of installment sales600,000Cost of regular sales 500,000Operating expenses300,000Collections on installment sales400,000

In its December 31, 2019, what amount should Pearsonspecter, Inc. report as deferred gross profit?

A. 320,000

B. 500,000

C. 150,000

D. 400,00