On January 1, 2020, Pharoah Ltd. had 702,000 common shares outstanding. During 2020, it had the...

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On January 1, 2020, Pharoah Ltd. had 702,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1 Issued 167,000 shares. Mar. 1 Issued a 14% stock dividend. May 1 Acquired 180,000 common shares and retired them. June 1 Issued a 3-for-1 stock split. Oct. 1 Issued 78,000 shares. The company's year end is December 31. Determine the weighted average number of shares outstanding as at December 31, 2020. (Round answer to 0 decimal places, eg. 5,275.) shares Weighted average number of shares outstanding e Textbook and Media Assume that Pharoahearned net income of $3436,000 during 2020. In addition, it had 90,000 of 10%, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020. Calculate earnings per share for 2020, using the weighted average number of shares determined above (Round answer to 2 decimal places, eg. 15.25.) Earnings per share eTextbook and Media Assume that Pharoahearned net income of $3,436,000 during 2020. In addition, it had 90,000 of 10%, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020. Assume that net income included a loss from discontinued operations of $444,000, net of applicable income taxes. Calculate earnings per share for 2020. (Round answers to 2 decimal places, eg. 15.25.) Earnings per share Income from continuing operations Loss from discontinued operations 24 Net income On January 1, 2020, Pharoah Ltd. had 702,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1 Issued 167,000 shares. Mar. 1 Issued a 14% stock dividend. May 1 Acquired 180,000 common shares and retired them. June 1 Issued a 3-for-1 stock split. Oct. 1 Issued 78,000 shares. The company's year end is December 31. Determine the weighted average number of shares outstanding as at December 31, 2020. (Round answer to 0 decimal places, eg. 5,275.) shares Weighted average number of shares outstanding e Textbook and Media Assume that Pharoahearned net income of $3436,000 during 2020. In addition, it had 90,000 of 10%, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020. Calculate earnings per share for 2020, using the weighted average number of shares determined above (Round answer to 2 decimal places, eg. 15.25.) Earnings per share eTextbook and Media Assume that Pharoahearned net income of $3,436,000 during 2020. In addition, it had 90,000 of 10%, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020. Assume that net income included a loss from discontinued operations of $444,000, net of applicable income taxes. Calculate earnings per share for 2020. (Round answers to 2 decimal places, eg. 15.25.) Earnings per share Income from continuing operations Loss from discontinued operations 24 Net income

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1 Calculation of Weighted average number of shares outstanding Date Explanation Shares Outstanding S... View the full answer