Evans Construction, Inc. experienced the following construction activity in 2015, the first year of operations. Each of the above contracts is with a different customer, and any work remaining at December 31, 2015 is expected to be completed in 2016.
InstructionsPrepare a partial income statement and a partial balance sheet to indicate how the above contract information would be reported. Evans uses the completed-contract method.

Question

Evans Construction, Inc. experienced the following construction activity in 2015, the first year of operations.  Each of the above contracts is with a different customer, and any work remaining at December 31, 2015 is expected to be completed in 2016.
InstructionsPrepare a partial income statement and a partial balance sheet to indicate how the above contract information would be reported. Evans uses the completed-contract method.

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The Answer of Evans Construction, Inc. experienced the following construction activity in 2015, the first year of operations.  Each of the above contracts is with a different customer, and any work remaining at December 31, 2015 is expected to be completed in 2016.
InstructionsPrepare a partial income statement and a partial balance sheet to indicate how the above contract information would be reported. Evans uses the completed-contract method.