A manufacturer of farm equipment sells a tractor to a farmer on April 1st. The normal selling price is $100,000, but the manufacturer agrees to accept ten percent of the farmers corn crop in October as full payment. Corn is currently selling on the Chicago Board of Trade at $4.00 per bushel. The farmers average corn harvest is 250,000 bushels. Are the revenue recognition criteria met or not met? Why or why not?

Each response should be about one paragraph long, describing the justification for your decision.