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In its income statement for the year ended December 31, 2022, Pharoah Company reported the following condensed data. Salaries and wages expenses Cost of goods
In its income statement for the year ended December 31, 2022, Pharoah Company reported the following condensed data. Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $595,200 Loss on disposal of plant assets 1,263,360 Sales revenue 85,200 Income tax expense 83,200 Sales discounts 396,800 Utilities expense $106,880 2,828,800 32,000 204,800 140,800 (a) Prepare a multiple-step income statement. (List other revenues before other expenses.) Pharoah Company Income Statement Type here to search
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