Samuels Company began operations on January 1,2014,and uses the installment sales method of accounting.The company has the following information available for 2014 and 2015:

The realized gross profit for 2015 would be
A)$1,680,000.
B)$2,760,000.
C)$3,120,000.
D)$4,320,000.

Question

Samuels Company began operations on January 1,2014,and uses the installment sales method of accounting.The company has the following information available for 2014 and 2015:

The realized gross profit for 2015 would be
A)$1,680,000. 
B)$2,760,000. 
C)$3,120,000. 
D)$4,320,000.

Quizplus · Accepted Answer

The Answer of Samuels Company began operations on January 1,2014,and uses the installment sales method of accounting.The company has the following information available for 2014 and 2015:

The realized gross profit for 2015 would be
A)$1,680,000. 
B)$2,760,000. 
C)$3,120,000. 
D)$4,320,000.

Samuels Company Began Operations on January 1,2014,and Uses the Installment