Hillson Company began operations on January 1, 2011, and appropriately uses the installment method of accounting. The following data are available for 2011 and 2012:

The realized gross profit for 2012 is
A) $240,000.
B) $390,000.
C) $440,000.
D) $600,000.

Question

Hillson Company began operations on January 1, 2011, and appropriately uses the installment method of accounting. The following data are available for 2011 and 2012:

The realized gross profit for 2012 is
A) $240,000. 
B) $390,000. 
C) $440,000. 
D) $600,000.

Quizplus · Accepted Answer

The Answer of Hillson Company began operations on January 1, 2011, and appropriately uses the installment method of accounting. The following data are available for 2011 and 2012:

The realized gross profit for 2012 is
A) $240,000. 
B) $390,000. 
C) $440,000. 
D) $600,000.

Hillson Company Began Operations on January 1, 2011, and Appropriately