On january 1 revis consulting enters into a contract to complete a cost reduction program for green financial
over a six-month period. green will pay revis $20,000 at the end of each month. if total cost savings reach a
specific target, green will pay an additional $10,000 to revis at the end of the contract, but if total cost savings
fall short, revis will refund $10,000 to green. revis estimates an 80% chance that cost savings will reach
the target and calculates the contract price based on the probability-weighted amounts of future payments to be
received. revis accounts for this arrangement.
required:
prepare the following journal entries for revis:
1. the journal entry on january 31 to record the first month of revenue under the contract.

answer; at prices that violate government price regulations;

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent