Question
BridgeportLimited reported profit of $437,700for its November 30, 2021, year end. Cash dividends of $66,500on the common shares and $61,100on the noncumulative preferred shares were
BridgeportLimited reported profit of $437,700for its November 30, 2021, year end. Cash dividends of $66,500on the common shares and $61,100on the noncumulative preferred shares were declared and paid during the year. The following information is available regardingBridgeport's common shares:
Dec. 1, 2020
The opening number of common shares was59,200.
Feb. 28, 2021
Sold8,400common shares for $151,200cash.
May 31, 2021
Reacquired4,200common shares for $67,200cash.
Nov. 1, 2021
Issued12,600common shares in exchange for land with a fair value of $290,000.
Calculate the profit available to common shareholders.
Profit available to common shareholders
$
enter the Profit available to common shareholders in dollars
eTextbook and Media
Calculate the weighted average number of common shares for the year.
Weighted average number of shares
enter the Weighted average number of shares
eTextbook and Media
Calculate earnings per share for the year.(Round answer to 2 decimal places, e.g. 52.76.)
Earnings per share
$
enter Earnings per share in dollars rounded to 2 decimal places
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