Question
For the year ended December 31, 2025, Pharoah Inc. reported the following: Net income Preferred dividends declared Common dividends declared Unrealized holding loss, net of
For the year ended December 31, 2025, Pharoah Inc. reported the following: Net income Preferred dividends declared Common dividends declared Unrealized holding loss, net of tax Retained earnings Common stock Accumulated other comprehensive income, beginning balance (net gains) What would Pharoah report as total stockholders equity?
Net income | $503000 |
Preferred dividends declared | 76800 |
Common dividends declared | 26800 |
Unrealized holding loss, net of tax | 11800 |
Retained earnings | 650000 |
Common stock | 352200 |
Accumulated other comprehensive income, |
|
beginning balance (net gains) | 37200 |
$1048000
$1427000
$1021200
$1074800
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