The WeBuild Construction Company sold $16.5 million of buildings in its first year of operations. The company received payments of $11.25 million for these buildings. The company's income statement would report:
A. Sales Revenue of $16.5 million.
B. Accounts Receivable of $5.25 million.
C. Expenses of $5.25 million.
D. Sales Revenue of $11.25 million.
Answer: A
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