Multiple Choice
Which of the following statements about earnings per share is false?
A) Diluted earnings per share reflects the maximum possible dilution that could result from turning convertible and nonconvertible securities into common stock
B) Net income is reduced by applicable preferred dividends in determining earnings per share
C) Earning per share permits useful comparison of the performance of firms of different size
D) Firms with convertible securities present both basic and diluted earnings per share
Correct Answer:
Verified
Correct Answer:
Verified
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