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Johnsan Corp. enters into a contract with a custamer to build an apartment building for $979,400. The customer hopes to rent apartments at the beginning
Johnsan Corp. enters into a contract with a custamer to build an apartment building for $979,400. 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 1,2026. The bonus is reduced by $48,100 each week that completion is delayed. Jahnson commonly includes these completion baruses in its contracts and, based an priar experience, estimates the follawing completian outcomes: Determine the transaction price for this contract
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