On December 31,2016,B Corp.sold a machine to Royal and simultaneously leased it back for one year.Pertinent information at this date follows:
In B's December 31,2016,balance sheet,the deferred revenue from the sale of this machine should be:
A)$ 0.
B)$ 8,200.
C)$60,000.
D)$68,200.

Question

On December 31,2016,B Corp.sold a machine to Royal and simultaneously leased it back for one year.Pertinent information at this date follows: 
In B's December 31,2016,balance sheet,the deferred revenue from the sale of this machine should be:
A)$ 0. 
B)$ 8,200. 
C)$60,000. 
D)$68,200.

Quizplus · Accepted Answer

The Answer of On December 31,2016,B Corp.sold a machine to Royal and simultaneously leased it back for one year.Pertinent information at this date follows: 
In B's December 31,2016,balance sheet,the deferred revenue from the sale of this machine should be:
A)$ 0. 
B)$ 8,200. 
C)$60,000. 
D)$68,200.