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Correct! The transaction price of the contract is $92,000. Daisy should use the most likely amount method to determine the transaction price because there are two distinct possible outcomes. Daisy has determined the most likely outcome based on likelihood is that the equipment will be completed in time to earn the performance bonus.

https://quizlet.com/286412038/cpa-exam-far-area-ii-revenue-recognition-flash-car...

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