Pharoah Corporation's charter authorized 2 million $11 par value common shares, and 300,000 8% cumulative and non-participating preferred shares, with a par value of $100 per share. The corporation made the following share transactions through December 31. 2023: 340,000 common shares were issued for $4.08 million and 11,000 preferred shares were issued for machinery valued at $1,559,000. Subscriptions for 11,300 common shares have been taken, and 40% of the subscription price of $17 per share has been collected. The shares will be issued when the subscription price is collected in full. In addition, 10,000 common shares have been repurchased for $16 and retired. The Retained Earnings balance is $220,000 before considering the transactions above. (a) Prepare the shareholders' equity section of the SFP in good form. PHAROAH CORPORATION Partial Statement of Financial Position $

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PROBLEM 5 - AUDITING PROBLEMSCompute fot the following:1. Number of ordinary shares issued and outstanding 2. Ordinary share capital

The charter of a corporation provides for the issuance of 93,872 shares of common stock. Assume that 44,236 shares were originally issued and 3,223 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? Oa. $3,223 Ob. $93,872 Oc. $44,236 Od. $82,026

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21- The following data were reported by a corporation:    Authorized shares 26,000 Issued shares 21,000 Treasury shares 6,500     The number of outstanding shares is: Top of Form Multiple Choice   32,500.   21,000.   19,500.   26,000.   14,500.

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A9