For Rico purposes, deferred gains from installment sales should be shown as: a. Payments received as income
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For Rico purposes, deferred gains from installment sales should be shown as:
a. Payments received as income for the period
b. Amortized over the agreement terms, regardless of whether collected or not
c. Payments received are presented as a change in the deferred gain.
d. Deferred gains are not recognized on the Rico expenditure schedule
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Related Book For
Financial Investigation And Forensic Accounting
ISBN: 9780367864347
3rd Edition
Authors: George A Manning
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