Under the installment$-$sales method,

Question $10$ options:

$1)$

revenue, costs, and gross profit are recognized proportionate to the cash that is received from the sale of the product.

$2)$

gross profit is deferred proportionate to cash uncollected from sale of the product, but total revenues and costs are recognized at the point of sale.

$3)$

gross profit is not recognized until the amount of cash received exceeds the cost of the item sold.

$4)$

revenues and costs are recognized proportionate to the cash received from the sale of the product, but gross profit is deferred until all cash is received.