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On December 1, 2021, Beck Inc. enters into a contract that pays the company $2,000/month for six months of continuous technical support services. In
On December 1, 2021, Beck Inc. enters into a contract that pays the company $2,000/month for six months of continuous technical support services. In addition, there is a 80% chance the contract will pay an additional $4,800 and a 20% chance the contract will pay an additional $1,200. The company estimates variable consideration as the most likely amount. In 2021, the company recognizes revenue of: Multiple Choice $2,800 $3,840 $2,400 $2,000
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