Recognizing Revenue When Collectibility of Receivables is Uncertain Flashcards by Tina Huynh | Brainscape

Q

deferred gross profit

A

installment receivable x gross profit percentage

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Q

realized gross profit

A

collections x gross profit %

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Q

installment method of accounting

A

cash collected x gross profit %

NOT GAAP. but can be used for tax purposes.

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