[ppierce]

I’ve seen these questions in some practice mcq and possibly maybe on the exam. Question is why?? Those were on my FAR exam.

FAR 80
REG 76
AUD 85
BEC 85
Ethics 98
DONE!!!!!!!!!!!!!!!!!!!!

[HumanPiranha]

Installment sale are available to taxpayers who want to pay tax as the money is received instead of paying tax on the entire gain in the year the asset is sold. For tax purposes, the gain is recognized over the time period that the principal is collected. It's not a bad way to defer tax.

[Author]

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