Question

Pharoah Company reported the following information for 2022. Pharoah Company Comparative Balance Sheets December 31 Assets 20
Pharoah Company Income Statement For the Year Ended December 31, 2022 Sales revenue $658,700 Cost of goods sold $332,500 Oper
Pharoah Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 109200 : $ 28000 Cash Flows from
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer is attached below

Please rate my answer

Answer 109200 Cash flow from operating activities Net Income Adjustments to reconcile net income to net cash provided by operCash Flow from Investing activities -116200 23800 Equipment purchased Equipment sold Land sold Net cash Flow from Investing a

Add a comment
Know the answer?
Add Answer to:
Pharoah Company reported the following information for 2022. Pharoah Company Comparative Balance Sheets December 31 Assets...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Blossom Company reported the following information for 2022. Blossom Company Comparative Balance Sheets December 31 Change...

    Blossom Company reported the following information for 2022. Blossom Company Comparative Balance Sheets December 31 Change Increase/Decrease Assets 2022 2021 Cash $165,200 173,600 123,200 $100,800 61,600 $64,400 Increase 112,000 Increase Accounts receivable Inventory -0- 123,200 Increase Prepaid expenses 16,800 11,200 5,600 Increase Land 154,000 196,000 42,000 Decrease Buildings 560,000 560,000 -0- Accumulated depreciation-buildings (58,800) (39,200) 19,600 Increase Equipment 512,400 (78,400) 190,400 (28,000) 322,000 Increase 50,400 Increase Accumulated depreciation-equipment Totals $1,568,000 $1,052,800 Liabilities and Stockholders' Equity Accounts payable $120,400 $112,000 $8,400...

  • Pharoah Company Comparative Balance Sheets December 31 Assets 2022 $177,760 2021 $ 106,480 Cash Accounts receivable...

    Pharoah Company Comparative Balance Sheets December 31 Assets 2022 $177,760 2021 $ 106,480 Cash Accounts receivable 193,160 83,600 Inventory 247,500 226,270 Prepaid expenses 62,480 57,200 Long-term investments 303,600 239,800 Plant assets 627,000 533,500 Accumulated depreciation (110,000) (114,400 ) Total $1,501,500 $1,132,450 Liabilities and Stockholders' Equity Accounts payable $ 224,400 $ 148,060 Accrued expenses payable 36,300 46,200 Bonds payable 242,000 300 321,200 000 Common stock 484,000 385,000 Retained earnings 514,800 231,990 Total $1,501,500 $1,132,450 Pharoah Company Income Statement Data For the...

  • Coronado Industries reported the following information for 2022. Coronado Industries Comparative Balance Sheets December 31 Assets...

    Coronado Industries reported the following information for 2022. Coronado Industries Comparative Balance Sheets December 31 Assets 2022 2021 Change Increase/Decrease Cash $82,600 $50,400 $32,200 Increase Accounts receivable 86,800 30,800 56,000 Increase Inventory 61,600 –0– 61,600 Increase Prepaid expenses 8,400 5,600 2,800 Increase Land 77,000 98,000 21,000 Decrease Buildings 280,000 280,000 –0– Accumulated depreciation—buildings (29,400 ) (19,600 ) 9,800 Increase Equipment 256,200 95,200 161,000 Increase Accumulated depreciation—equipment (39,200 ) (14,000 ) 25,200 Increase      Totals $784,000 $526,400 Liabilities and Stockholders’ Equity Accounts...

  • The current sections of Ayayai Corp.’s balance sheets at December 31, 2021 and 2022, are presented...

    The current sections of Ayayai Corp.’s balance sheets at December 31, 2021 and 2022, are presented here. Ayayai Corp.’s net income for 2022 was $457,200. Depreciation expense was $75,600. 2022 2021 Current assets    Cash $111,600 $ 160,200    Accounts receivable 153,000 124,200    Inventory 140,400 111,600    Prepaid expenses 30,600 34,200 Total current assets $435,600 $430,200 Current liabilities    Accrued expenses payable $ 10,800 $ 28,800    Accounts payable 158,400 129,600 Total current liabilities $169,200 $ 158,400 Prepare the net cash provided by operating activities...

  • The current sections of Ayayai Corp.’s balance sheets at December 31, 2021 and 2022, are presented...

    The current sections of Ayayai Corp.’s balance sheets at December 31, 2021 and 2022, are presented here. Ayayai Corp.’s net income for 2022 was $457,200. Depreciation expense was $75,600. 2022 2021 Current assets    Cash $111,600 $ 160,200    Accounts receivable 153,000 124,200    Inventory 140,400 111,600    Prepaid expenses 30,600 34,200 Total current assets $435,600 $430,200 Current liabilities    Accrued expenses payable $ 10,800 $ 28,800    Accounts payable 158,400 129,600 Total current liabilities $169,200 $ 158,400 Prepare the net cash provided by operating activities...

  • Here are comparative balance sheets for Velo Company. Velo Company Comparative Balance Sheets December 31 Assets...

    Here are comparative balance sheets for Velo Company. Velo Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash $72,800 $33,200 Accounts receivable 86,500 70,700 Inventory 170,200 187,000 Land 72,700 100,700 Equipment 260,700 200,600 Accumulated depreciation—equipment (65,700 ) (33,500 )    Total $597,200 $558,700 Liabilities and Stockholders’ Equity Accounts payable $35,400 $46,500 Bonds payable 149,800 203,300 Common stock ($1 par) 218,000 173,000 Retained earnings 194,000 135,900    Total $597,200 $558,700 Additional information: 1. Net income for 2020 was $103,600. 2. Cash dividends...

  • The comparative balance sheets for Spicer Company as of December 31 are presented below. Spicer Company...

    The comparative balance sheets for Spicer Company as of December 31 are presented below. Spicer Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 68,000 $ 45,000 Accounts receivable 50,000 58,000 Inventory 151,450 142,000 Prepaid expenses 15,280 21,000 Land 145,000 130,000 Buildings 200,000 200,000 Accumulated depreciation—buildings (60,000 ) (40,000 ) Equipment 225,000 155,000 Accumulated depreciation—equipment (45,000 ) (35,000 ) Total $749,730 $676,000 Liabilities and Stockholders’ Equity Accounts payable $ 44,730 $ 36,000 Bonds payable 300,000 300,000 Common stock,...

  • Windsor, Inc. Comparative Balance Sheets December 31 Assets 2022 2021 Change Increase/Decrease Cash $100,300 $61,200 $39,100...

    Windsor, Inc. Comparative Balance Sheets December 31 Assets 2022 2021 Change Increase/Decrease Cash $100,300 $61,200 $39,100 Increase Accounts receivable 105,400 37,400 68,000 Increase Inventory 74,800 –0– 74,800 Increase Prepaid expenses 10,200 6,800 3,400 Increase Land 93,500 119,000 25,500 Decrease Buildings 340,000 340,000 –0– Accumulated depreciation—buildings (35,700 ) (23,800 ) 11,900 Increase Equipment 311,100 115,600 195,500 Increase Accumulated depreciation—equipment (47,600 ) (17,000 ) 30,600 Increase      Totals $952,000 $639,200 Liabilities and Stockholders’ Equity Accounts payable $73,100 $68,000 $5,100 Increase Accrued expenses payable...

  • Rojas Corporation’s comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020...

    Rojas Corporation’s comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14,500 $10,700 Accounts receivable 20,800 23,800 Land 19,600 26,300 Buildings 70,100 70,100 Accumulated depreciation—buildings (15,000 ) (10,700 )    Total $110,000 $120,200 Accounts payable $11,800 $28,300 Common stock 75,000 73,400 Retained earnings 23,200 18,500    Total $110,000 $120,200 Additional information: 1. Net income was $22,800. Dividends declared and paid were $18,100. 2. No noncash investing and financing activities occurred during 2020. 3. The land...

  • The current sections of Bridgeport Corp.'s balance sheets at December 31, 2021 and 2022, are presented...

    The current sections of Bridgeport Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Bridgeport Corp.'s net income for 2022 was $76,500. Depreciation expense was $13,500. 2022 2021 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $52,500 40,000 84,000 13,500 $190,000 $ 49,500 44,500 86,000 11,000 $191,000 $ 7,500 42,500 $50,000 $ 2,500 46,000 $ 48,500 Prepare the net cash provided (used) by operating...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT