Question
*URGENT HELP NEEDED UPVOTE GUARANTEED* The Bridgeport Corporation had income from continuing operations of $ 12 million in 2020. During 2020, it disposed of its
*URGENT HELP NEEDED UPVOTE GUARANTEED*
The Bridgeport Corporation had income from continuing operations of $ 12 million in 2020. During 2020, it disposed of its restaurant division at a loss of $ 98,000 (net of tax of $38,000). Before the disposal, the division operated at a loss of $ 202,000 (net of tax of $135,000) in 2020. Bridgeport also had an unrealized gain-OCI of $ 44,000 (net of tax of $18,000) related to its FV-OCI equity investments. Bridgeport had 10 million common shares outstanding during 2020. Prepare a partial statement of financial performance for Bridgeport, beginning with income from continuing operations.
Calculate earnings per share. (Round answers to 2 decimal places, e.g. 52.75.)
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