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Six Company, an equipment manufacturer, sold equipment to A Company in exchange for a $200,000 noninterest-bearing note due in five years. Comparable interest-bearing notes have

Six Company, an equipment manufacturer, sold equipment to A Company in exchange for a $200,000 noninterest-bearing note due in five years. Comparable interest-bearing notes have an interest rate of 11% interest rate. What amount of sales revenue should Six Company recognize on the date of the sale?

$200,000
$222,000
$178,000
$118,690

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