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Pharoah Construction Company uses the percentage - of - completion method of accounting. In 2 0 2 5 , Pharoah began work under a contract

Pharoah Construction Company uses the percentage-of-completion method of accounting. In 2025, Pharoah began work under a contract with a contract price of $1,650,000. Other details follow:
\table[[,2025,2026],[Costs incurred during the year,$1,093,400,$1,510,000
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