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Business, 08.10.2019 05:10 alex281485

Thomas consultants provided bran construction with assistance in implementing various cost-savings initiatives. thomas’s contract specifies that it will receive a flat fee of $62,000 and an additional $32,000 if bran reaches a prespecified target amount of cost savings. thomas estimates that there is a 20% chance that bran will achieve the cost-savings target. assuming thomas uses the expected value as its estimate of variable consideration, calculate the transaction price.

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