Quiz 19.73 – Calculation Method for Basic Earnings Per Share
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
What method is used to calculate basic earnings per share?
What method is used to calculate basic earnings per share?
What are the effects of a stock split?
How are the shares resulting from a stock split treated in the calculation of the current year’s earnings per share (EPS)?
Under what circumstances is a recalculation of weighted-average shares outstanding for all years presented required?
How are the shares distributed in a stock dividend treated in the calculation of the current year’s earnings per share (EPS)?
How should the current year’s dividends not declared on cumulative preferred stock be treated when computing earnings per share?