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On April 1 , Park Services, Inc. signs a six - month contract to provide janitorial services for a new amusement park. The contract pays

On April 1, Park Services, Inc. signs a six-month contract to provide janitorial services for a new
amusement park. The contract pays $10,000 to be paid at the end each month as a base fee, and
an additional $60,000 bonus if park attendance exceeds a specific threshold. The company
believes there is a 75% chance of meeting the threshold, and uses a probability weighted estimat
to account for consideration.
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