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ent CALCULATOR FULI Brief Exercise 18-6 Oriole Corp. enters into a contract with a customer to build an apartment building for $991,300. The customer hopes

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ent CALCULATOR FULI Brief Exercise 18-6 Oriole Corp. enters into a contract with a customer to build an apartment building for $991,300. The customer hopes to rent apartments at the beginning of the schooi year and provides a performance bonus of $147,900 to be paid if the building is ready for rental beginning August 1, 2018. The bonus is reduced by $49,300 each wee that completion is delayed. Oriole commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion Probability 70% pleted by August 1, 2018 August 8, 2018 August 15, 2018 After August 15, 2018 4 the transaction price for this contract. Question Attempts: 0 of 15 used

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