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Cullumber Pharmaceuticals entered into a licensing agreement with Zenith Lab for a new drug under development. Cullumber will receive $ 7 5 5 0 0

Cullumber Pharmaceuticals entered into a licensing agreement with Zenith Lab for a new drug under development. Cullumber will receive $7550000 if the new drug receives FDA approval. Based on prior approval, Cullumber determines that it is 85% likely that the drug will gain approval. The transaction price of this arrangement should be
  

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