Assume that Emmet accrues revenue each month,and estimates variable consideration as the most likely amount.On November 1,Emmet revises its estimate of the chance the building will exceed the 90% occupancy threshold to a 70% chance.What is the total amount of revenue Emmet should recognize on this contract in November of 2016?
A) $3,125
B) $4,167
C) $4,792
D) $7,291
Correct Answer:
Verified
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