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Wildhorse Construction enters into a contract with a customer to build a warehouse for $920000 on March 30,2021 with a performance bonus of $60000 if
Wildhorse Construction enters into a contract with a customer to build a warehouse for $920000 on March 30,2021 with a performance bonus of $60000 if the building is completed by July 31, 2021. The bonus is reduced by $12000 each week that completion is delayed. Wildhorse 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 $973400$593400$920000$605400
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