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Janryn Inc., an equipment dealer, sells equipment on January 1, 2020, to Heath Company for $100,000. It agrees to repurchase this equipment (an unconditional obligation)

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Janryn Inc., an equipment dealer, sells equipment on January 1, 2020, to Heath Company for $100,000. It agrees to repurchase this equipment (an unconditional obligation) from Heath Company on December 31, 2021, for a price of $121,000. At the time of the sale, how much revenue should Janryn recognize? $0 $79,000 $121,000 $100,000

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