Bridgeport Company had 192,000 ordinary shares outstanding on December 31, 2022. During the year 2023, the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2023, Bridgeport Company reported net income of £261,200 after a loss on discontinued operations of £37,100 (net of tax). What earnings per share data should be reported at the bottom of its income statement? (Round answers to 2 decimal places, e.g. 2.25.) BridgeportCompany Partial Income Statement E E
Bridgeport Company had 192,000 ordinary shares outstanding on December 31, 2022. During the year 2023, the company issued 8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2023, Bridgeport Company reported net income of £261,200 after a loss on discontinued operations of £37,100 (net of tax). What earnings per share data should be reported at the bottom of its income statement? (Round answers to 2 decimal places, e.g. 2.25.) BridgeportCompany Partial Income Statement E E
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Bridgeport Company had 192,000 ordinary shares outstanding on December 31, 2022. During the year 2023, the company issued
8,000 shares on May 1 and retired 14,000 shares on October 31. For the year 2023, Bridgeport Company reported net income of
£261,200 after a loss on discontinued operations of £37,100 (net of tax).
What earnings per share data should be reported at the bottom of its income statement? (Round answers to 2 decimal places, e.g. 2.25.)
BridgeportCompany
Partial Income Statement
E
E
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