Q:Question:Brief Exercise 5-15 Variable consideration [LO5-6] In January 2018, Continental Fund Services, Inc., enters into a one-year contract with a client to provide investment advisory services. The company will receive a management fee, prepaid at the beginning of the contract, that is calculated as \( 1.5 \% \) of the client's \( \$ 370 \) million total assets being managed. In addition, the contract specifies that Continental will receive aA:Answer:When a contract includes a variable consideration,...