(Answered) Question - pharoah corporation had 297000 shares of common

Accounting

Question - Pharoah Corporation had 297,000 shares of common stock outstanding on January 1, 2017. On May 1, Pharoah issued 32,400 shares.

(a) Compute the weighted-average number of shares outstanding if the 32,400 shares were issued for cash.

(b) Compute the weighted-average number of shares outstanding if the 32,400 shares were issued in a stock dividend.

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