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Question 1: Which of the following is true about earnings per share?
a) Diluted earnings per share is shown as a percentage rather than a dollar amount
b) basic earnings per share is calculated by dividing net income by treasury shares
c) diluted earnings per share shows shareholders the potential reduction in earnings per share if additional sales are issued related to the stock options, stock awards, and convertible securities
d) under GAAP, companies only need to report basic earnings per share, but many also choose to report diluted earnings per share
If Dome earns 25 percent on sales before discounts, what will be the net change in income if the new credit terms are adopted
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Whispering Winds Services Inc, On March 15, 2020, preferred shareholders converted 150 preferred shares into common shares. Record the conversion.
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