Question

In: Accounting

Identify each of the following statements as true or false. 1. All companies are required to provide basic and diluted EPS calculations...

Identify each of the following statements as true or false.

1. All companies are required to provide basic and diluted EPS calculations.

2. Public companies are required to provide EPS calculations before and after a discontinued operation.

3. Basic EPS is total net income divided by market value of shares.

4. Private companies may provide EPS calculations.

5. EPS is the only ratio required for public companies.

Solutions

Expert Solution

1. F – Only public companies are required to report EPS.

 

2. T - Public companies are required to provide EPS calculations before and after a discontinued operation.

 

3. F – denominator is weighted average number of shares not market value of shares

 

4. T - Private companies may provide EPS calculations.

 

5. T - EPS is the only ratio required for public companies.

1. F

2. T

3. F

Junaid answered 1 year ago
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