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Which of the following may qualify as an installment sale?

User Avila
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Final answer:

An installment sale is a financial agreement where payment is made over time for goods delivered upfront. It often involves significant assets such as houses, land, art, or collectibles like rare coins and stamps. These don't align with office or managerial roles; they're about the deferred sales method.

Step-by-step explanation:

An installment sale is a financial arrangement that allows for the deferred payment of a purchase over time, in which the buyer receives the goods at the beginning of the installment plan, and the seller receives the purchase price over a number of periods in the future. Common examples of assets that could qualify as an installment sale include a house, land, art, and collectibles like rare coins or stamps. The sale of these items doesn't fall into categories like sales, clerical, installation and repair, construction or mining, or manager roles; rather, it involves a financial agreement often associated with significant physical items bought and sold by individuals or businesses.

User Dan Tuffery
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