FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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 Bridgeport’s 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 Bridgeport’s ordinary shares took place on March 31, 2024 |
(a)
Compute the weighted-average ordinary shares used in computing earnings per ordinary share for 2022 on the 2023 comparative income statement.
enter a number of shares |
shares |
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