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Orange construction company enters into a long term contract to build a new stadium. The contract is for $400 million and work is expected to
Orange construction company enters into a long term contract to build a new stadium. The contract is for $400 million and work is expected to be completed on june 30, 2019. Orange will receive a $20 million bonus if the work is completed by June 30, 2019. Orange has built numerous stadiums and believes that there is a 90% chance that it will complete the project on time. What is the amount of the transaction price?
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