Which of the following would not be reflected as Revenue on a farmer's yearly accrual-based income statement?

Winning $1,000 in a local charity raffle would not be reflected as revenue on a farmer's yearly accrual-based income statement because it does not arise from the normal business operations of the farming enterprise. Revenue is typically generated from activities directly related to the core business, such as selling goods produced or engaging in services that align with the agricultural sector.

In contrast, gains from the sale of a tractor and the cash sale of harvested grain are directly related to farming operations. These transactions contribute to the income generated from the key activities of the farm. Additionally, the market value of harvested grain that is still in storage reflects potential revenue, as it represents what the farmer could earn by selling that product in the future, and therefore is included on an accrual basis.

Overall, the key element for revenue recognition in an accrual-based income statement is the link to the primary operational activities of the business. In this case, the raffle winnings do not represent income earned through the normal course of farming and thus do not meet the revenue criteria in this context.