Aztec Company contracted with the Kirk Company to review their revenue recognition polices for recording sales. The contract will pay Aztec $800,000 in the form of a fixed fee. Aztec will also receive $150,000 additionally if Kirk achieves $200,000 in additional revenues. Aztec estimates a 60% chance that Kirkwill achieve $200,000 in additional revenues. Refer to Aztec Company. Assuming Aztec estimates that the transaction price is the most likely value. The transaction price is A. $975,000 B.$950,000 C. $800,000 D. $900,000Show transcribed image text Aztec Company contracted with the Kirk Company to review their revenue recognition polices for recording sales. The contract will pay Aztec $800,000 in the form of a fixed fee. Aztec will also receive $150,000 additionally if Kirk achieves $200,000 in additional revenues. Aztec estimates a 60% chance that Kirkwill achieve $200,000 in additional revenues. Refer to Aztec Company. Assuming Aztec estimates that the transaction price is the most likely value. The transaction price is A. $975,000 B.$950,000 C. $800,000 D. $900,000
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