Question: the answer? Sanjeev enters Via a contract offering variable consideration. The contract pays him $1,200/math for six months of continuous consulfir services. In addition, there
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Sanjeev enters Via a contract offering variable consideration. The contract pays him $1,200/math for six months of continuous consulfir services. In addition, there is a 70% chance the contract will pay an additional $3,500 and a 30%% chaner the contract will pay an addition 51,500, depending on the outcome of the consulting contract. Sanjeev concludes that this contract qualifies for revenue recognition over time Assume Sanjeev estimates variable consideration as the most likely amount What Is the amount of revenue Sanjeev would recognize for the fist month of the correct
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