Chantal Company began operations on January 2,2014,and appropriately used the installment sales method of accounting.The following data are available for 2014 and 2015:

The realized gross profit for 2015 is
A)$1,440,000.
B)$1,040,000.
C)$920,000.
D)$780,000.

Question

Chantal Company began operations on January 2,2014,and appropriately used the installment sales method of accounting.The following data are available for 2014 and 2015:

The realized gross profit for 2015 is
A)$1,440,000. 
B)$1,040,000. 
C)$920,000. 
D)$780,000.

Quizplus · Accepted Answer

The Answer of Chantal Company began operations on January 2,2014,and appropriately used the installment sales method of accounting.The following data are available for 2014 and 2015:

The realized gross profit for 2015 is
A)$1,440,000. 
B)$1,040,000. 
C)$920,000. 
D)$780,000.

Chantal Company Began Operations on January 2,2014,and Appropriately Used the Installment