[Solved] Slick's Used Cars Sells Pre-Owned Cars on the Installment Basis

Question 205
Multiple Choice

Slick's Used Cars sells pre-owned cars on the installment basis and carries its own notes because its customers typically cannot qualify for a bank loan.Default rates tend to be high or unpredictable.However,in the event of nonpayment,Slick's can usually repossess the cars without loss.The revenue method Slick would use is the:

A)Installment sales method.
B)Point of sales method.
C)Cost recovery method.
D)Installment sales method or cost recovery method.

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