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Pharoah, Inc. began work in 2024 on a contract for $19880000. Other data are as follows: If Pharoah uses the cost-recovery method, the gross profit

Pharoah, Inc. began work in 2024 on a contract for $19880000. Other data are as follows: If Pharoah uses the cost-recovery method, the gross profit to be recognized in 2025 is $3140000. $12560000. $2600000. $6280000

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