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29) Greenwell Farm Equipment sells a tractor to Farmer for $50,000 on January 1, 2016. The tractor is delivered that day. Greenwell agrees that the

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29) Greenwell Farm Equipment sells a tractor to Farmer for $50,000 on January 1, 2016. The tractor is delivered that day. Greenwell agrees that the Farmer may delay the payment for 2 years. The market rate of interest is 6%. Refer to Greenwell Farms. How much sales revenue will Greenwell report on January 1, 2016? A) S44,500 B) $53,000 C) $50,000 D) $47,000

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