Question: Question 8 of 20 A - / 1 E View Policies Current Attempt in Progress Bramble Corp. enters into a contract with a customer to

Question 8 of 20 A - / 1 E View Policies Current
Question 8 of 20 A - / 1 E View Policies Current Attempt in Progress Bramble Corp. enters into a contract with a customer to build an apartment building for $921,300. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $156,000 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $52,000 each week that completion is delayed. Bramble commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by Probability August 1, 2021 70 % August 8, 2021 20 August 15, 2021 After August 15, 2021 4 Determine the transaction price for this contract. Transaction Price

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