Flag question Roche Pharmaceuticals entered into a licensing agreement with Zenith Lab for a new drug under development. Roche will receive $8,100,000 if the new drug receives FDA approval. Based on prior approval, Roche determines that it is 85% likely that the drug will gain approval. The transaction price of this arrangement, using the most likely outcome approach, should be Select one: A. $6,885,000. O B. $8,100,000. O C. $1,215,000. O D. $0 until approval is received. Clear my choice Drone P Flag question The first step in the process for revenue recognition is to Select one: O A. identify the separate performance obligations in the contract. O B. allocate transaction price to the separate performance obligations. O c.identify the contract with customers. O D. determine the transaction price. Next pa Previous page