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Pharoah Corp. is a private company reporting under ASPE. The following selected accounts are from the general ledger for the year ended December 31, 2021
Pharoah Corp. is a private company reporting under ASPE. The following selected accounts are from the general ledger for the year ended December 31, 2021 OS2:50 Equipment Jan. 1 124,800 July 31 31.200 Nov. 10 22.080 Dec 31 133.920 Accumulated Depreciation Equipment Jan 1 56,160 Nov. 10 18.240 Dec 31 15,840 Dec. 31 53.760 Retained Earnings Jan. 1 62.400 Aug. 23 3.840 Dec 31 40,320 Dec 31 98,880 Additional information: July 31 Equipment was purchased for cash. Aug. 23 A cash dividend was paid, Nov. 10 A loss of $1.440 was incurred on the sale of equipment, July 31 Equipment was purchased for cash Aug 23 A cash dividend was paid Nov. 10 A loss of $1.440 was incurred on the sale of equipment Dec. 31 Depreciation expense was recorded for the year, Dec 31 Closing entries were recorded. OS2127 From the postings in the above accounts and additional information provided, indicate what information would be reported in the investing and/or hinancing activities sections of the cash flow statement. (Show amounts that decrease cash flow with either asynes. 15.000 or in parenthesis es (15,0001) PHAROAH CORP Cash Flow Statement (Partial) $ 3:33 PM
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