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Question 2 1 pts Aztec Company contracted with the Kirk Company to review their revenue recognition policies for recording sales. The contract will pay Aztec

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Question 2 1 pts Aztec Company contracted with the Kirk Company to review their revenue recognition policies for recording sales. The contract will pay Aztec $800,000 in the form of a fixed fee. Aztec will also receive $150,000 additionally if Kirk achieves $200,000 in additional revenues. Aztec estimates a 60% chance that Kirk will achieve $200,000 in additional revenues. Aztec estimates the transaction price using the probability weighted amount of expected consideration (Ignore any constraints on variable consideration). The transaction price is O $950,000 $890,000 O $860,000 O $1.000.000

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