Question: Sanjeev enters into a contract offering variable consideration. The contract pays him $ 3 0 0 0 / month for six months of continuous consulting

Sanjeev enters into a contract offering variable consideration. The contract pays him $3000/month for six months of continuous consulting services. In addition, there's a 60% chance the contract will pay an additional $4000 and a 40% chance the contract will pay an additional $5000, depending on the outcome of the consulting contract. Sanjeev concludes that this contract qualifies for revenue recognition over time.

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