Variable Consideration Robotics Inc. contracts with a customer to build a custom robot to...
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Accounting
Variable Consideration
Robotics Inc. contracts with a customer to build a custom robot to be used in the customer's manufacturing operations for $ If the robot is delivered and operational by
January the customer will pay Robotics a $ performance bonus. For every week that the robot is not operational, the bonus is reduced by $ Robotics estimates
the following possible outcomes and probabilities:
Determine the transaction price that Robotics should use for this contract when it is signed.
Transaction price $
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