Pharoah Corporation's comparative balance sheets are presented below. Cash Accounts receivable Land Pharoah Corporation Comparative Balance Sheets December 31 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total 2025 $17,300 21,400 20,000 $12,000 74,000 2024 29,100 $11,500 72,000 (15,600) (10,600) $115,100 $123,200 23,700 26,600 72,000 $31,600 68,000 23,600 $115,100 $123,200
Pharoah Corporation's comparative balance sheets are presented below. Cash Accounts receivable Land Pharoah Corporation Comparative Balance Sheets December 31 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total 2025 $17,300 21,400 20,000 $12,000 74,000 2024 29,100 $11,500 72,000 (15,600) (10,600) $115,100 $123,200 23,700 26,600 72,000 $31,600 68,000 23,600 $115,100 $123,200
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 27BEB: Roberts Company provided the following partial comparative balance sheets and the income statement...
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