Current Attempt in Progress

On January $1,2023,$ Pharoah Ltd$.$ had $540,000$ common shares outstanding. During $2023,$ it had the following transactions that

affected the common share account:

Feb$\mathrm{.}1$ Issued $192,000$ shares

Mar. $1$ Issued a $10\%$ stock dividend

May $1$ Acquired $219,000$ common shares and retired them

June $1$ Issued a $2-$for$-1$ stock split

Oct. $1$ Issued $80,000$ shares

The company's year end is December $31.$

Your answer is incorrect.

Determine the weighted average number of shares outstanding as at December $31,2023.($Round answer to $0$ decimal places, e$.$g$.$

$5,275.)$

Weighted average number of shares outstanding

shares

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Your answer is incorrect.

Assume that Pharoah earned net income of $$3,258,000$ during $2023.$ In addition, it had $120,000$ of $9\%,$$$100$ par, non$-$convertible,

non$-$cumulative preferred shares outstanding for the entire year. Because of liquidity limitations$,$ however, the company did not

declare and pay a preferred dividend in $2023.$

Calculate earnings per share for $2023,$ using the weighted average number of shares determined above. $($Round answer to $2$

decimal places, e$.$g$.15\mathrm{.}25.)$

Earnings per share $

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X Your answer is incorrect.

Assume that Pharoah earned net income of $$3,258,000$ during $2023.$ In addition, it had $120,000$ of $9\%,$$$100$ par, non$-$convertible,

cumulative preferred shares outstanding for the entire year. Because of liquidity limitations$,$ however, the company did not

declare and pay a preferred dividend in $2023.$

Calculate earnings per share for $2023$ using the weighted average number of shares determined above. $($Round answer to $2$ decimal

places, e$.$g$.15\mathrm{.}25.)$

Earnings per share $

eTextbook and Media

Your answer is incorrect.

Assume that Pharoah earned net income of $$3,258,000$ during $2023.$ In addition, it had $120,000$ of $9\%,$$$100$ par, non$-$convertible,

non$-$cumulative preferred shares outstanding for the entire year. Because of liquidity limitations$,$ however, the company did not

declare and pay a preferred dividend in $2023.$ Assume that net income included a loss from discontinued operations of $$130,320,$

net of applicable income tax.

Calculate earnings per share for $2023.($Round answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.$ Enter negative amounts using either a negative

sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Earnings per share

Income from continuing operations $

Loss from discontinued operations

Net income

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