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On January 1 , 2 0 2 5 , Pharoah Industries had stock outstanding as follows. 6 % Cumulative preferred stock, $ 1 0 0
On January Pharoah Industries had stock outstanding as follows.
Cumulative preferred stock, $ par value, issued and outstanding shares $
Common stock, $ par value, issued and outstanding shares
To acquire the net assets of three smaller companies, Pharoah authorized the issuance of an additional common shares. The acquisitions took place as shown below.
Date of Acquisition
Shares Issued
Company A April
Company B July
Company C October
On May Pharoah realized a $before taxes gain on discontinued operations. On December Pharoah recorded income of $ from continuing operations.
Assuming a tax rate, compute the basic earnings per share data that should appear on the financial statements of Pharoah Industries as of December Round answers to decimal places, eg
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