Assume Emmet estimates variable consideration as the most likely amount.How much revenue should Emmet recognize on this contract in 2016?

Name: Assume Emmet estimates variable consideration as the most likely amount.How much revenue should Emmet recognize on this contract in 2016?
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The most likely amount method involves recognizing the single most likely amount in a range of possible consideration amounts. If Emmet estimates $25,000 as the most likely amount, then that is the revenue to be recognized.

Assume Emmet Estimates Variable Consideration as the Most Likely Amount