Jones Corporation enters into a contract with Warner Video to add their programs to Jones' network. Warner will pay Jones an upfront fixed fee of $250,000 for 12 months of access, and will also pay a $110,000 bonus if Jones' users access Warner Video for at least 10,000 hours during the 12.month period. Jones estimates that it has a 60% chance of earning the $110000 bonus. Refer to Jones Corporation. Upon collection of the upfront fee. Jones would recognize a/an______.
A) unearned revenue of $360,000
B) prepaid revenue of $250,000
C) prepaid revenue of $360,000
D) unearned revenue of $250.000