The installment sale method can be used for all of the following transactions except
A)the sale of a painting by an art collector.
B)the sale of a sole proprietor's office building.
C)the sale of an individual's personal car.
D)the sale of a yacht by a shipbuilder.

Question

Quizplus · Accepted Answer

The installment sale method cannot be used for sales of inventory or property held primarily for sale to customers in the ordinary course of business, such as a yacht sold by a shipbuilder.

The Installment Sale Method Can Be Used for All of the Following