Bert's Meat Market sells quarters and sides of beef on the installment basis. Losses on receivables are very difficult to predict, and meat products cannot be repossessed. The revenue recognition method used by Bert would be:

Question

Quizplus · Accepted Answer

Bert's Meat Market should use either the installment sales method or the cost recovery method due to the difficulty in predicting losses on receivables and the inability to repossess the meat products.

Bert's Meat Market Sells Quarters and Sides of Beef on the Installment