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How to calculate these numbers? Presented below is information related to Pharoah Company as of and for the year ended December 31, 2017. This was
How to calculate these numbers?
Presented below is information related to Pharoah Company as of and for the year ended December 31, 2017. This was Pharoah Company's first year of operations. (Ignore income tax effects.) Sales revenue Cost of goods sold Selling and administrative expenses Loss on sale of plant assets Unrealized gain on available-for-sale investments Interest expense Interest revenue Loss on discontinued operations Allocation to noncontrolling interest Dividends declared and paid $1,270,000 680,000 390,000 62,000 12,000 5,200 4,500 2,800 7,900 26,400 Compute the following: (a) Income from continuing operations " 137,300 (b) Net income 134,500 (c) Net income attributable to Pharoah Company's controlling shareholders 126,600 (d) Comprehensive income 146,500 (e) Retained earnings balance " 108,100Step by Step Solution
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