Question: On July 1 , 2 0 2 7 , Apache Company, a real estate developer, sold a parcel of land to a construction company for
On July Apache Company, a real estate developer, sold a parcel of land to a construction company for $ The book value of the land on Apache's books was $ Terms of the sale required a down payment of $ and annual payments of $ plus interest at an appropriate interest rate due on each July beginning in
How much revenue will Apache recognize for the sale ignoring interest assuming that it recognizes revenue at the point in time at which it transfers the land to the construction company?
Note: Leave no cells blank be certain to enter wherever required.
tableRevenue
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