Learning objectives Determine the amount of income to be reported from a long-term contract Compute the gain to be reported from an installment sale Compute the amount of imputed interest in a transaction Determine the tax treatment of duplications and omissions that result from changes of accounting methodsLearning Objectives • Determine the amount of income to be reported from a long-term contract • Compute the gain to be reported from an installment sale • Compute the amount of imputed interest in a transaction • Determine the tax treatment of duplications and omissions that result from changes of accounting methods