Following is information taken from Bridgeport Incs December 31 2018 balance sheet 5 bonds payable 5400000 maturing December 31 2022 each 1000 bond convertible into 21 common shares 5400000 8 bonds payable 4900000 maturing December 31 2020 each 1000 bond convertible into 27 common shares at any time up to December 31 2018 4900000 Cumulative preferred shares 5 nopar value convertible at 1 preferred share for 4 common shares 54000 shares outstanding 1080000 Common shares no parvalue 3060000

Answer rating: 100% (QA)

a Dividends on preferred shares 247000 49400 x 5 b Basic EPS Earnings ... View the full answer