Presented below are data for Pharoah Corp. 2025 2026 Assets, January 1 $4190 $5100 Liabilities, January 1 2500 ? Stockholders' Equity, Jan. 1 ? ? Dividends 845 627 Common Stock 779 665 Stockholders' Equity, Dec. 31 ? ? Net Income 841 660 Stockholders' Equity at January 1, 2025 is ○ $2469. ○ $1141. O $1079. ○ $1690.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Presented below are data for Pharoah Corp.
2025
2026
Assets, January 1
$4190
$5100
Liabilities, January 1
2500
?
Stockholders' Equity, Jan. 1
?
?
Dividends
845
627
Common Stock
779
665
Stockholders' Equity, Dec. 31
?
?
Net Income
841
660
Stockholders' Equity at January 1, 2025 is
○ $2469.
○ $1141.
O $1079.
○ $1690.
Transcribed Image Text:Presented below are data for Pharoah Corp. 2025 2026 Assets, January 1 $4190 $5100 Liabilities, January 1 2500 ? Stockholders' Equity, Jan. 1 ? ? Dividends 845 627 Common Stock 779 665 Stockholders' Equity, Dec. 31 ? ? Net Income 841 660 Stockholders' Equity at January 1, 2025 is ○ $2469. ○ $1141. O $1079. ○ $1690.
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