Question
Pharaoh corporation had 601,800 common shares outstanding on January 1, 2020. On March 1, 2020, Pharoah issued 160,200 shares. On September 1, Pharoah repurchased and
Pharaoh corporation had 601,800 common shares outstanding on January 1, 2020. On March 1, 2020, Pharoah issued 160,200 shares. On September 1, Pharoah repurchased and cancelled 68,400 shares. Calculate Pharoah's weighted average number of shares outstanding for the year ended December 31, 2020.
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
