Question: * Your answer is incorrect. Wildhorse Corp. enters into a contract with a customer to build an apartment building for $990,500. The customer hopes

* Your answer is incorrect. Wildhorse Corp. enters into a contract with a customer to build an apartment building for $990,500. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $147,300 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $49,100 each week that completion is delayed. Wildhorse 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 5 After August 15, 2021 5 Determine the transaction price for this contract. Transaction Price $ eTextbook and Media 1119275

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