Which of the following statements about disclosures relating to EPS are true? (Select all that apply.) Check All That Apply A reconciliation is required of the numerator and denominator used in the basic EPS computations to th used in the diluted EPS computations.
Which of the following statements about disclosures relating to EPS are true? (Select all that apply.) Check All That Apply A reconciliation is required of the numerator and denominator used in the basic EPS computations to th used in the diluted EPS computations.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![## Knowledge Check 01
### Topic: Disclosures Related to Earnings Per Share (EPS)
**Which of the following statements about disclosures relating to EPS are true? (Select all that apply.)**
- [ ] A reconciliation is required of the numerator and denominator used in the basic EPS computations to the numerator and the denominator used in the diluted EPS computations.
- [ ] Any adjustments to the numerator for preferred dividends must be disclosed.
- [ ] Any potential common shares that weren't included because they were dilutive must be disclosed.
- [ ] Any transactions that occurred before the end of the most recent period that would materially affect earnings per share must be disclosed.
### Instruction: Check all that apply
Use this knowledge check to assess your understanding of the disclosure requirements related to EPS calculations. Consider each statement and determine which disclosures are necessary according to accounting standards.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe6ce3753-b96c-43e9-b162-619ea9ec998a%2Fad375b66-7426-413f-b95e-431dc51e2d0c%2Fdp378i6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:## Knowledge Check 01
### Topic: Disclosures Related to Earnings Per Share (EPS)
**Which of the following statements about disclosures relating to EPS are true? (Select all that apply.)**
- [ ] A reconciliation is required of the numerator and denominator used in the basic EPS computations to the numerator and the denominator used in the diluted EPS computations.
- [ ] Any adjustments to the numerator for preferred dividends must be disclosed.
- [ ] Any potential common shares that weren't included because they were dilutive must be disclosed.
- [ ] Any transactions that occurred before the end of the most recent period that would materially affect earnings per share must be disclosed.
### Instruction: Check all that apply
Use this knowledge check to assess your understanding of the disclosure requirements related to EPS calculations. Consider each statement and determine which disclosures are necessary according to accounting standards.
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