Bridgeport Inc. has the following selected financial data: Net income Total assets Preferred shares, 3%, cumulative Common shares Retained earnings Accumulated other comprehensive income Total shareholders' equity Cash dividends paid in the year Market price of common shares Weighted average number of common shares 2023 $727,000 5,109,000 601,000 327,000 134,000 3,846,000 124,000 $96.98 2022 2,784,000 2,181,000 77,000 $686,000 4,498,000 601,000 327,000 119,400 3,228,400 168,400 $62.36 77,000

Bridgeport Inc. has the following selected financial data: Net income Total assets Preferred shares, 3%, cumulative Common shares Retained earnings Accumulated other comprehensive income Total shareholders' equity Cash dividends paid in the year Market price of common shares Weighted average number of common shares 2023 $727,000 5,109,000 601,000 327,000 134,000 3,846,000 124,000 $96.98 2022 2,784,000 2,181,000 77,000 $686,000 4,498,000 601,000 327,000 119,400 3,228,400 168,400 $62.36 77,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 8RE: Given the following year-end information for Somerset Corporation, compute its basic earnings per...

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