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Which of the following statements is true? Basing an estimate on the most likely amount is always superior to basing an estimate on the expected

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Which of the following statements is true? Basing an estimate on the most likely amount is always superior to basing an estimate on the expected value Variable consideration means that the transaction price is uncertain o If we expect a significant reversal of revenue, then an estimate of variable consideration is included in the transaction price When the transaction price is uncertain, revenue should not be recognized None of the above is correct

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