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Pharoah Limited had 42,000 common shares outstanding on January 1, 2020. On March 1, 2020, Pharoah issued 19,200 shares in exchange for equipment. On July
Pharoah Limited had 42,000 common shares outstanding on January 1, 2020. On March 1, 2020, Pharoah issued 19,200 shares in exchange for equipment. On July 1, Pharoah repurchased and cancelled 10,200 shares. On October 1, 2020, Pharoah declared a 3-for-1 stock split. Calculate the weighted average number of shares outstanding for Pharoah for the year ended December 31, 2020. shares Weighted average number of shares outstanding On January 1, 2020, Blossom Manufacturers had 228,000 common shares outstanding. On April 1, the corporation issued 22,800 new common shares to raise additional capital. On July 1, the corporation declared and distributed a 10% stock dividend on its common shares. On November 1, the corporation repurchased on the market 8,100 of its own outstanding common shares to make them available for issuances related to its key executives' outstanding stock options. Calculate the weighted average number of shares outstanding as at December 31, 2020. (Round answer to 0 decimal places, e.g. 5,255.) shares Weighted average number of shares outstanding e Textbook and Media
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