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How much sales revenue will Shady report on January

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Question - Shady Equipment sells a truck to Fred for $ 130000 on January 1, 2016. Payment of $ 130000 is received two years later and interest is paid at the end of two years. The truck is delivered two years later. The market rate of interest is 8%. Refer to Shady Equipment. How much sales revenue will Shady report on January 1, 2016?

Reference no: EM132483840

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