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only final answer should be fine. Pharoah Corporation reported the following pre-tax amounts for the year ended August 31, 2017: profit before income tax (on
only final answer should be fine.
Pharoah Corporation reported the following pre-tax amounts for the year ended August 31, 2017: profit before income tax (on the company's continuing operations), $365,000; loss from operations of discontinued operations, $97,000; and gain on disposal of assets of discontinued operations, $68,000. Pharoah is subject to a 20% income tax rate. Assume that the profit before income tax of $365,000 is from $570,000 of revenue and $205,000 of operating expenses. Prepare an income statement. PHAROAH CORPORATION Statement of Income A ( A v A JStep by Step Solution
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