Paral Company began operations on January 2, 2011, and appropriately used the installment sales method of accounting. The following data are available for 2011 and 2012:

The realized gross profit for 2012 is
A) $1,440,000.
B) $1,040,000.
C) $920,000.
D) $780,000.

Question

Paral Company began operations on January 2, 2011, and appropriately used the installment sales method of accounting. The following data are available for 2011 and 2012:

The realized gross profit for 2012 is
A) $1,440,000. 
B) $1,040,000. 
C) $920,000. 
D) $780,000.

Quizplus · Accepted Answer

The Answer of Paral Company began operations on January 2, 2011, and appropriately used the installment sales method of accounting. The following data are available for 2011 and 2012:

The realized gross profit for 2012 is
A) $1,440,000. 
B) $1,040,000. 
C) $920,000. 
D) $780,000.

Paral Company Began Operations on January 2, 2011, and Appropriately