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Bridgeport Limited reported profit of $478,760 for its November 30, 2021. year end Cash dividends of $74,400 on the common shares and $60,600 on the
Bridgeport Limited reported profit of $478,760 for its November 30, 2021. year end Cash dividends of $74,400 on the common shares and $60,600 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Bridgeport's common shares: Dec 1, 2020 Feb. 28,2021 The opening number of common shares was 57.100 Sold 10,000 common shares for $180,000 cash. Reacquired 5,000 common shares for $80,000 cash Issued 15,000 common shares in exchange for land with a fair value of $300,000 May 31, 2021 Nov. 1. 2021 Your answer is correct Calculate the pront available to common shareholders Profit available to common shareholders $ 418160 ho e Textbook and Media x Your answer is incorrect Calculate the weighted average number of common shares for the year. Welghted average number of shares 65016 Bridgeport Limited reported profit of $478.760 for its November 30, 2021 year and Cashevidends of $74,400 on the common shares and 560.600 on the noncumulative preferred thares were declared and paid during the year. The following informations valable regarding Bridgeports.common shares Due 1 2020 The opening number of common shares was 57.100 Feb 28, 2021 Sold 10.000 common shares for $160,000 cash Reacsured 5.000 common shares for $20.000 cash May 31, 2021 Nov 1, 2021 Issued 15,000 common shares in exchange for land with a fair value of $300.000 Your answer is correct Calculate the profit available to common shareholders Profit available to common shareholders 3 418160 e Textbook and Media X Your answer is incorrect Calculate the welghted average number of common shares for the year Weighted average number of shares 89014 e Textbook and Media X Your answer is incorrect Calculate earnings per shars for the year. Round answer to 2 decimal places. 5276) Earnings per share 622
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