Pharoah Corporation was organized on January $1,2023,$ with $399000$ no par value common shares authorized. During $2023,$ the corporation had the following share transactions:

Jan. $5$ Issued $153000$ shares at $$12$ per share

Apr. $6$ Issued $49000$ shares at $$14$ per share

June $8$ Issued $49000$ shares at $$16$ per share

July $28$ Purchased $25000$ shares at $$13$ per share and cancelled them

Dec. $31$ Issued $25000$ shares at $$20$ per share

What is the total amount of contributed surplus at December $31,2023?($Round intermediate calculations to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$

  

Answer rating: 100% (QA)

To calculate the total amount of contributed surplus at December 31 2023 we need to calculate the ex... View the full answer