Under the Installment-Sales Method

Under the installment-sales method,

A) revenue, costs, and gross profit are recognized proportionate to the cash that is received from the sale of the product.
B) 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.
C) gross profit is not recognized until the amount of cash received exceeds the cost of the item sold.
D) 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.

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