Question: Brief Exercise 18-6 [R] Your answer is incorrect. Try again. Skysong Corp. enters into a contract with a customer to build an apartment building for
Brief Exercise 18-6 [R] Your answer is incorrect. Try again. Skysong Corp. enters into a contract with a customer to build an apartment building for $1,031,300. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $144,300 to be paid if the building is ready for rental beginning August 1, 2018. The bonus is reduced by $48,100 each week that completion is delayed. Skysong commonly includes these completion bonuses in its contrects and, based on prior experience, estimates the following compieton Completed by Probability August 1, 2018 August 8, 2018 August 15, 2018 After August 15, 2018 6 70% 20 Determine the transaction price for this contract Transaction Price 1135174
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