question archive Pharoah Corporation had 552,000 common shares outstanding on January 1, 2020
Pharoah Corporation had 552,000 common shares outstanding on January 1, 2020
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Pharoah Corporation had 552,000 common shares outstanding on January
1, 2020. On May 1, Pharoah issued 55,200 shares.
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Calculate the weighted average number of shares outstanding for the year ended December 31, 2020, if the 55,200 shares were issued for cash. (Round answer to 0 decimal places, e.g. 5,275.)
Weighted average number of shares outstanding Enter your answer in accordance to the question statement
