Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On January 1, 2025, Pharoah Corporation had 375000 shares of its $2 par value common stock outstanding. On March 1, Pharoah sold an additional 756000
On January 1, 2025, Pharoah Corporation had 375000 shares of its $2 par value common stock outstanding. On March 1, Pharoah sold an additional 756000 shares on the open market at $20 per share. Pharoah issued a 20% stock dividend on May 1 . On August 1 , Pharoah purchased 416000 shares and immediately retired the stock. On November 1,596000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2025? 11320007131605144931537200
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started