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What the bonus amount to be included in transaction price

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Reference no: EM133078541

Question - An entity enters into a contract where it will receive a performance bonus of up to $100,000 if it achieves predefined goals. It estimates the probability of achieving the goals as follows:

Possible Bonus Results

Probability

R$ 100.000,00

10%

R$ 80.000,00

30%

R$ 60.000,00

35%

R$ 40.000,00

10%

Zero

15%

Total

100%

Considering the requirements of CPC 47 - Revenues from Contracts with Customers, what should be the bonus amount to be included in the transaction price?

A - 59.000,00.

B - Zero.

C - R$ 60.000,00.

D - R$ 100.000,00.

E - R$ 80.000,00.

Reference no: EM133078541

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