Under the accrual method when do you report income from the sale of goods?

(a) Suppose you receive in Year 1 $100,000 for goods that cost you $40,000. What is your gross profit?

(b) Suppose title to 100% of the goods passes in Year 1, when do you report the income? .

(c) What if title to 40% of the goods passes in Year 1 and 60% in Year 2?

(d) Would your answer to the previous question change if you reported all $60,000 profit in Year 1?

(e) Suppose title to 40% of the goods passes in Year 1 and 30% passes in Year 2, 20% passes in Year 3 and 10% in Year 4, and the financial reporting conforms with tax?