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Pharoah Construction, Inc. experienced the following construction activity in 2024, the first year of operations. Each of the above contracts is with a different customer,

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Pharoah Construction, Inc. experienced the following construction activity in 2024, the first year of operations. Each of the above contracts is with a different customer, and any work remaining at December 31,2024 is expected to be completed in 2025 . Prepare a partial income statement to indicate how the above contract information would be reported. Pharoah uses the costrecovery method

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