Shares issued to settle a liability are included in the EPS calculation from the settlement date.
Shares issued to settle a liability are included in the EPS calculation from the settlement date.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
S1: Shares issued to settle a liability are included in the EPS calculation from
the settlement date. S2: Shares to be issued upon the conversion of a
mandatorily convertible instrument are include in the calculation of basic
EPS from the date of conversion for the shares
A. both are true
B. both are false
C. S1 is true
D. S2 is true
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