Current Attempt in Progress Sandhill Engineering enters into a contract with a customer...

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Accounting

Current Attempt in Progress
Sandhill Engineering enters into a contract with a customer to complete a parking lot for $455000on April 30,2026 with a
performance bonus of $24000if the building is completed by July 31,2026. The bonus is reduced by $5000 each week that
completion is delayed. Sandhill 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
$455000
$476000
$434350.
$478000.
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