Moving to another question will save this response Question 14 of 18 Question 14 12 points Save As On April 1, 2020, Cove Services signed an 8-month contract with Crowe Agency to provide advanced marketing campaign materials. The contract specifies that Crowe will pay a flat fee of $80,000 and an additional $16,000 if specific targets are met regarding increased sales Nave estimates that there is a 40% kethood that the specified increase will be reached as a result of the campaign A Assuming that have uses the expected value method to determine variable consideration, compute the transaction price for the above transaction B. Prepare the oumal entry to be made on April 1, 2020 by Chave Services For the toolbar, press ALT F10 (PC) or ALTOFN+F10 (Mac). BI S Paragraph Arial w 14px A T. 5 3 XX - Te - 11 1992 Q C D :) $0 W POWED TINY P MacBook 90 DOO GOO FG 2 3 4 6 @ W E R. pun On April 1, 2020, CNave Services signed an 8-month contract with Crowe Agency to provide advanced marketing campaign materials. The contract specifies that Crowe will pay a flat fee of $80,000 and an additional $16,000 if specific targets are met regarding increased sales. CNave estimates that there is a 40% likelihood that the specified increase will be reached as a result of the campaign. A. Assuming that Cave uses the expected value method to determine variable consideration, compute the transaction price for the above transaction. dle Bus B. Prepare the journal entry to be made on April 1, 2020 by CNave Services, Moving to another question will save this response Question 14 of 18 Question 14 12 points Save As On April 1, 2020, Cove Services signed an 8-month contract with Crowe Agency to provide advanced marketing campaign materials. The contract specifies that Crowe will pay a flat fee of $80,000 and an additional $16,000 if specific targets are met regarding increased sales Nave estimates that there is a 40% kethood that the specified increase will be reached as a result of the campaign A Assuming that have uses the expected value method to determine variable consideration, compute the transaction price for the above transaction B. Prepare the oumal entry to be made on April 1, 2020 by Chave Services For the toolbar, press ALT F10 (PC) or ALTOFN+F10 (Mac). BI S Paragraph Arial w 14px A T. 5 3 XX - Te - 11 1992 Q C D :) $0 W POWED TINY P MacBook 90 DOO GOO FG 2 3 4 6 @ W E R. pun On April 1, 2020, CNave Services signed an 8-month contract with Crowe Agency to provide advanced marketing campaign materials. The contract specifies that Crowe will pay a flat fee of $80,000 and an additional $16,000 if specific targets are met regarding increased sales. CNave estimates that there is a 40% likelihood that the specified increase will be reached as a result of the campaign. A. Assuming that Cave uses the expected value method to determine variable consideration, compute the transaction price for the above transaction. dle Bus B. Prepare the journal entry to be made on April 1, 2020 by CNave Services
