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A consulting contract sold for $9,000, which covers 6 month of service. With 40% chance receiving $1200 bonus Q1: What is the transaction price using

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A consulting contract sold for $9,000, which covers 6 month of service. With 40% chance receiving $1200 bonus Q1: What is the transaction price using expected value and most likely amt? Q2:Under most likely method, if probability of getting the bonus increases to 60% by the end of third month, how much revenue is recognized in the third month

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