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CALCULATOR PRINTER VERSION NMENT RESOURCES 370 EXAM 02 Question 3 estion 1 Pharoah Company's trial balance of income statement accounts only for the year ended December 31, 2020 included the following: estion 2 estion 3 nestion 4 Debit Credit Sales revenue $280000 uestion 5 uestion 6 estion 7 uestion 8 Cost of goods sold $176000 Administrative expenses 39400 Loss on sale of equipment Commissions to salespersons 18300 15300 uestion 9 uestion 10 uestion 11 Interest revenue 0066 Freight-out 6000 Loss from discontinued operations 24700 uestion 12 Duestion 13 Question 14 Question 15 Question 16 Question 17 Question 18 Question 19 Question 20 Bad debt expense 6100 Other information: Pharoah's income tax rate is 30%. Finished goods inventory: January 1, 2020 $158600 December 31, 2020 141800 On Pharoah's multiple-step income statement for 2020, The discontinued operations loss is view Score view Results by Study jective $30100. Windows Activate Go to Settigs to activete $43000. $17290. $24700. Type here to search DELL

CALCULATOR PRINTER VERSION NMENT RESOURCES 370 EXAM 02 Question 3 estion 1 Pharoah Company's trial balance of income statement accounts only for the year ended December 31, 2020 included the following: estion 2 estion 3 nestion 4 Debit Credit Sales revenue $280000 uestion 5 uestion 6 estion 7 uestion 8 Cost of goods sold $176000 Administrative expenses 39400 Loss on sale of equipment Commissions to salespersons 18300 15300 uestion 9 uestion 10 uestion 11 Interest revenue 0066 Freight-out 6000 Loss from discontinued operations 24700 uestion 12 Duestion 13 Question 14 Question 15 Question 16 Question 17 Question 18 Question 19 Question 20 Bad debt expense 6100 Other information: Pharoah's income tax rate is 30%. Finished goods inventory: January 1, 2020 $158600 December 31, 2020 141800 On Pharoah's multiple-step income statement for 2020, The discontinued operations loss is view Score view Results by Study jective $30100. Windows Activate Go to Settigs to activete $43000. $17290. $24700. Type here to search DELL

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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CALCULATOR PRINTER VERSION NMENT RESOURCES 370 EXAM 02 Question 3 estion 1 Pharoah Company's trial balance of income statement accounts only for the year ended December 31, 2020 included the following: estion 2 estion 3 nestion 4 Debit Credit Sales revenue $280000 uestion 5 uestion 6 estion 7 uestion 8 Cost of goods sold $176000 Administrative expenses 39400 Loss on sale of equipment Commissions to salespersons 18300 15300 uestion 9 uestion 10 uestion 11 Interest revenue 0066 Freight-out 6000 Loss from discontinued operations 24700 uestion 12 Duestion 13 Question 14 Question 15 Question 16 Question 17 Question 18 Question 19 Question 20 Bad debt expense 6100 Other information: Pharoah's income tax rate is 30%. Finished goods inventory: January 1, 2020 $158600 December 31, 2020 141800 On Pharoah's multiple-step income statement for 2020, The discontinued operations loss is view Score view Results by Study jective $30100. Windows Activate Go to Settigs to activete $43000. $17290. $24700. Type here to search DELL
Transcribed Image Text:CALCULATOR PRINTER VERSION NMENT RESOURCES 370 EXAM 02 Question 3 estion 1 Pharoah Company's trial balance of income statement accounts only for the year ended December 31, 2020 included the following: estion 2 estion 3 nestion 4 Debit Credit Sales revenue $280000 uestion 5 uestion 6 estion 7 uestion 8 Cost of goods sold $176000 Administrative expenses 39400 Loss on sale of equipment Commissions to salespersons 18300 15300 uestion 9 uestion 10 uestion 11 Interest revenue 0066 Freight-out 6000 Loss from discontinued operations 24700 uestion 12 Duestion 13 Question 14 Question 15 Question 16 Question 17 Question 18 Question 19 Question 20 Bad debt expense 6100 Other information: Pharoah's income tax rate is 30%. Finished goods inventory: January 1, 2020 $158600 December 31, 2020 141800 On Pharoah's multiple-step income statement for 2020, The discontinued operations loss is view Score view Results by Study jective $30100. Windows Activate Go to Settigs to activete $43000. $17290. $24700. Type here to search DELL
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