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mewdie mewdie
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5 years ago
Shady Equipment sells a truck to Fred for $130,000 on January 1, 2016. Payment of $130,000 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 10%. Refer to Shady Equipment. How much sales revenue will Shady report on January 1, 2016?
A) $0.00
B) $130,000
C) $117,000
D) $65,000
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Intermediate Accounting

Intermediate Accounting


Edition: 1st
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erinnavratilerinnavratil
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5 years ago
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mewdie Author
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#2
5 years ago
Makes more sense now, have a good weekend!
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