Kenneth Clark and Donna Garcia are examining the following summary of cash flows for Pharoah Company for the year ended
January
Inflows
Kenneth claims that this statement shows that Pharoah had a superb first year, with cash increasing $ Donna replies that it
was not a superb first year. Rather, she says, the year was an operating failure and that $ is not the actual increase in cash. The
cash balance at the beginning of the year was $
a
Your answer is incorrect.
Using the data provided, determine the net incomeloss for the year ended January Depreciation expense was
$Enter negative amounts using either a negative sign preceding the number eg or parentheses eg
Net income loss $
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Attempts: unlimited
b
The parts of this question must be completed in order. This part will be available when you complete the part above.
