In its income statement for the year ended December 31, 2022. Pharoah Company reported the following condensed data. Operating expenses Cost of goods sold $734,000 1.270.000 $47,000 30,000 84,000 2,213,000 9,700 59,000 Interest expense Income tax expense Prepare a multiple-step income statement. Interest revenue Loss on disposal of plant assets Net sales Other comprehensive income (net of $1.200 fax) Pharoah Company Income Statement $ Prepare a comprehensive income statement. $ Pharoah Company Comprehensive Income Statement

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In its income statement for the year ended December 31, 2022. Pharoah Company reported the following condensed data.
$734,000
1.270.000
$47,000
30,000
84,000
2,213,000
9,700
59,000
Operating expenses
Cost of goods sold
Interest expense
Income tax expense
Prepare a multiple-step income statement.
Interest revenue
Loss on disposal of plant assets
Net sales
Other comprehensive income (net of $1.200 fax)
Pharoah Company
Income Statement
$
Prepare a comprehensive income statement.
Pharoah Company
Comprehensive Income Statement
$
$
$
V
Transcribed Image Text:In its income statement for the year ended December 31, 2022. Pharoah Company reported the following condensed data. $734,000 1.270.000 $47,000 30,000 84,000 2,213,000 9,700 59,000 Operating expenses Cost of goods sold Interest expense Income tax expense Prepare a multiple-step income statement. Interest revenue Loss on disposal of plant assets Net sales Other comprehensive income (net of $1.200 fax) Pharoah Company Income Statement $ Prepare a comprehensive income statement. Pharoah Company Comprehensive Income Statement $ $ $ V
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