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On January 1, 2021, Bridgeport Corp. had 487,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock
On January 1, 2021, Bridgeport Corp. had 487,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. Your answer is correct. Determine the weighted-average number of shares outstanding as ot December 31, 2021. The weighted averase number of shares outstanding Assurne that Bridgeport Corp. earned net income of $3,601,000 during 2021. In addition, it had 100,000shares of 9,$100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the compary did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted average number of shares determined in part (a). (Round answer to 2 decimol ploces, es. \$2.55.) Earnings Per Share $ X Your answer is incorrect. Assume the same facts as in part (b), except that the preferred stock wascumulative Compute earnings per share for 2021. (Round onswer to 2 decimal ploces, es. 52.55.) Earnings Per Share. 5 Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $421,000 (net of tax). Compute earnings per share for 2021. (Round answer to 2 decimal ploces, eg $255 )
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