Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bridgeport SA uses a calendar year for financial reporting. The company is authorized to issue 8,210,000 R$ 12 par ordinary shares. At no time has

Bridgeport SA uses a calendar year for financial reporting. The company is authorized to issue 8,210,000 R$12 par ordinary shares. At no time has Bridgeport issued any potentially dilutive securities. Listed below is a summary of Bridgeports ordinary share activities.


1. Number of ordinary shares issued and outstanding at December 31, 2021
2,040,000
2. Shares issued as a result of a 12% share dividend on September 30, 2022
244,800
3. Shares issued for cash on March 31, 2023
1,870,000
Number of ordinary shares issued and outstanding at December 31, 2023
4,154,800
4. A 2-for-1 share split of Bridgeports ordinary shares took place on March 31, 2024
Compute the weighted-average ordinary shares to be used in computing earnings per ordinary share for 2024 on the 2024 comparative income statement.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions