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Please choice one of the follow multiple choice questions and provide your work thanks! Pharoah Construction enters into a contract with a customer to build
Please choice one of the follow multiple choice questions and provide your work thanks!
Pharoah Construction enters into a contract with a customer to build a warehouse for $959000 on March 30,2026 with a performance bonus of $49000 if the building is completed by July 31, 2026. The bonus is reduced by $8500 each week that completion is delayed. Pharoah commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: The transaction price for this transaction is $657975. $689825. $959000. $1003750Step by Step Solution
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