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c Company contracted with the Kirk Company to review their revenue recognition policies for recording sales. The contract will pay Aztec $900,000 in the form

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c Company contracted with the Kirk Company to review their revenue recognition policies for recording sales. The contract will pay Aztec $900,000 in the form of a fixed fee. Aztec will also receive $150,000 additionally if Kirk achieves 1,000 in additional revenues. Aztec estimates a 65% chance that Kirk Company will achieve $200,000 in additional revenues. Refer to Aztec Company. Assume that Aztec estimates that the transaction price is the most likely value. The saction price is A. $585,000 B. $1,050,000 C. $900,000 D. $997,500

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