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C is corrent.  The installment method of recognizing revenue is not acceptable for financial reporting purposes unless the circumstances are such that the collection of the sales price is not reasonably assured.  Since the property was sold to a triple-A rated company and the value of the property is appreciating, collection can be assumed to be reasonably assured.  Therefore, the entire gain should be recognized for financial reporting purposes at the date of sale:


A is incorrect.   The installment method of recognizing revenue is not acceptable for financial reporting purposes unless the circumstances are such that the collection of the sales price is not reasonably assured.  Since the property was sold to a triple-A rated company and the value of the property is appreciating, collection can be assumed to be reasonably assured.  Therefore, the entire gain should be recognized for financial reporting purposes at the date of sale:


A is incorrect.   The installment method of recognizing revenue is not acceptable for financial reporting purposes unless the circumstances are such that the collection of the sales price is not reasonably assured.  Since the property was sold to a triple-A rated company and the value of the property is appreciating, collection can be assumed to be reasonably assured.  Therefore, the entire gain should be recognized for financial reporting purposes at the date of sale:


A is incorrect.   The installment method of recognizing revenue is not acceptable for financial reporting purposes unless the circumstances are such that the collection of the sales price is not reasonably assured.  Since the property was sold to a triple-A rated company and the value of the property is appreciating, collection can be assumed to be reasonably assured.  Therefore, the entire gain should be recognized for financial reporting purposes at the date of sale: