Question: Ivanhoe Engineering enters into a contract with a customer to complete a parking lot for $448000 on April 30, 2026 with a performance bonus

Ivanhoe Engineering enters into a contract with a customer to complete a

Ivanhoe Engineering enters into a contract with a customer to complete a parking lot for $448000 on April 30, 2026 with a performance bonus of $28000 if the building is completed by July 31, 2026. The bonus is reduced by $3300 each week that completion is delayed. Ivanhoe commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes; Completed by Probability July 31, 2026 55% August 7, 2026 35% August 14, 2026 5% August 21, 2026 5% The transaction price for this transaction is O $448000. O $417955. O $487500. O $474020

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