Calculate bridgeports earnings per share, Accounting Basics

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Calculate bridgeports earnings per share

Problem

In 2023, Bridgeport Corporation reported net income of $5.80 million, and declared and paid preferred share dividends of $3.7 million. During 2023, Bridgeport had a weighted average of 120,000 common shares outstanding. Calculate Bridgeport's 2023 earnings per share.

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Accounting Basics: Calculate bridgeports earnings per share

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Accounting Basics: Calculate bridgeports earnings per share

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