Braun, Inc. appropriately uses the installment-sales method of accounting to recognize income in its financial statements. Some pertinent data relating to this method of accounting include: What amount of installment accounts receivable should be presented in Braun's December 31, 2015 balance sheet?
A) $720,000
B) $810,000
C) $780,000
D) $866,666

Question

Braun, Inc. appropriately uses the installment-sales method of accounting to recognize income in its financial statements. Some pertinent data relating to this method of accounting include:  What amount of installment accounts receivable should be presented in Braun's December 31, 2015 balance sheet?
A) $720,000 
B) $810,000 
C) $780,000 
D) $866,666

Quizplus · Accepted Answer

The Answer of Braun, Inc. appropriately uses the installment-sales method of accounting to recognize income in its financial statements. Some pertinent data relating to this method of accounting include:  What amount of installment accounts receivable should be presented in Braun's December 31, 2015 balance sheet?
A) $720,000 
B) $810,000 
C) $780,000 
D) $866,666