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At January 1, 2020, Pharoah, Inc's retained earnings balance was $195,000. Assume that income from continuing operations (before taxes) and after correctly considering any
At January 1, 2020, Pharoah, Inc's retained earnings balance was $195,000. Assume that income from continuing operations (before taxes) and after correctly considering any of the six additional items was $1,435,000. Prepare the income statement. Pharoah Incorporated Partial Income Statement For the Year Ending December 31, 2020 come from continuing operations before income taxes Income tax expense come from continuing operations 1435000 -287000 1148000) scontinued operations dd: Income from discontinued operations, net of tax 20600 ess: Loks on disposal of discontinued operations, net of tax -2780 t income/(Loss) 17820
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