Pharoah, Inc. had 836000 shares of common stock issued and outstanding at December 31,2024. On...

70.2K

Verified Solution

Question

Accounting

Pharoah, Inc. had 836000 shares of common stock issued and outstanding at December 31,2024. On July 1,.2025, an additional 39400 shares of common stock were issued for cash. Pharoah also had unexercised stock options to purchase 32300 shares of common stock at $20 per share outstanding at the beginning and end of 2025. The average market price of Pharoah's common stock was $25 during 2025. What number of shares should be used to compute diluted earnings per share for the year ended December 31,2025?
881860
855700
862160
888000
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students