Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. blossom corporation purchased bridgeport inc. and

Blossom Corporation purchased Bridgeport Inc. and agreed to give stockholders of Bridgeport 49800 additional shares...

50.1K

Verified Solution

Question

Accounting

Blossom Corporation purchased Bridgeport Inc. and agreed to give stockholders of Bridgeport 49800 additional shares in 2027 if Bridgeport's net income in 2026 is $598000 or more; in 2025 Bridgeport's net income is $619000. Blossom has net income for 2025 of $1497000 and an average number of common shares outstanding of 508000 shares. What should Blossom report as earnings per share for 2025?

Basic Earnings Per Share Diluted Earnings Per Share $2.68 $2.95 $2.68 O $2.68 O $2.68 $2.95 $2.95 $2.95

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

  Here are mass spectrometric signals for methane in H2: CH2 (Vol %) 0 0.062 0.122 0.245...

Advance Math
Q

Which statement most closely agrees with the theory of evolution bymeans of natural selection, as...

Biology
Q

a 7 0 2 b 8 92 c 9 92 d 10 02 7 A...

Physics
Q

Given the point 2 3 2 in the rectangular coordinate system what is the radius...

Geometry
Q

The dot plot below shows the number of songs Carly downloaded over 15 successive weekends...

Statistics
Q

Hickory Company manufactures two products15,000 units of Product Y and 7,000 units of Product Z....

Accounting
Q

Part 1B SA Trading Limited ("SA") had opening inventory of $900 (90 units at $10...

Accounting
Q

TF? An overstatement of ending merchandise inventory in the current period results in an understatement...

Accounting
Q

USE THE FOLLOWING INFORMATION FOR THIS QUESTION: Compute the periodic payment required

Accounting
Q

Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement...

Accounting
Q

A. Deferred revenues-customer deposits Eastern Brewing Company (EBC) distributes its products in an aluminum keg....

Accounting
Q

100.000 200.000 60,000 5.000 15 per share 10 per Beginning of

Accounting