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What will be the amount of revenue recorded

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Question - Carlson, Inc. enters into a contract to construct a building for for $225,000.00, with a performance bonus of an additional $25,000.00 that will be paid based on the timing of completion. The amount of the performance bonus decreases by 25.00% per week for every week beyond the agreed-upon completion date. Management estimates a 90.00% probability that the contract will be completed on time, and a 10.00% probability it will be completed one week late Based upon the above information, what will be the amount of revenue recorded for this transaction?

Reference no: EM133168662

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