chapter 17 q4 financial accounting II

The following information is available for Pharoah Corporation for the year ended December 31. 2024: Prepare a statement of cash flows using the indirect method. Pharoah reports using IFR5 and does not report dividends as operating activities. (Show amounts that decrease cash flow with either a - sign e.8, 15,000, or in pareathesis e.g. (15,000) ). PHAROAH CORPORATION Statement of Cash Flows Year Ended December 31, 2024 \% Opcrating Activities Profit for the Year Adjustments to reconcile profit to Net Cast, Provided by Operating Activities : Net Cash Provided by Operating Activities : Investing Activities Purchase of Building $(329400) Gain an Sale of Land \begin{tabular}{r} 9900 \\ \hline \end{tabular} Net Cash Used by Investing Activities (289580) Investing Activities Payment of Dividend $(13600) issue of Common Shares 221000 Net Cath Providnd by Financing Activities Cast, December 32