Exhibit 17-4 The following information is provided for Fort Myers Company:
Fort Myers used the installment sales method.
-Refer to Exhibit 17-4. How much gross profit did Fort Myers Company report in 2015?
A) $1,300
B) $1,500
C) $1,700
D) $2,000

Question

Exhibit 17-4 The following information is provided for Fort Myers Company:  
Fort Myers used the installment sales method.
-Refer to Exhibit 17-4. How much gross profit did Fort Myers Company report in 2015?
A) $1,300 
B) $1,500 
C) $1,700 
D) $2,000

Quizplus · Accepted Answer

The correct answer is $1,500, as this is the amount of gross profit reported by Fort Myers Company in 2015 according to Exhibit 17-4.

Exhibit 17-4 the Following Information Is Provided for Fort Myers