[Solved] Assume That Emmet Accrues Revenue Each Month,and Estimates Variable Consideration

Question 126
Multiple Choice

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

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