The installment sale method of accounting does not apply to which of the following sales?
A) Sale of 12-acre tract of land held as inventory by a real estate developer
B) Sale of business equipment
C) Sale of U.S. Treasury notes
D) The method does not apply to the sale of 12-acre tract of land held as inventory by a real estate developer or to the sale of U.S. Treasury.
Correct Answer:
Verified
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