For the Current Year, Voque Company Reported Basic Earnings Per

Multiple Choice

For the current year, Voque Company reported basic earnings per share of $8 and diluted earnings per share of $3. The difference between these figures is attributable to outstanding shares of convertible preference share. If all these preference shares had actually been converted into ordinary share at the beginning of the current year, Voque Company would have reported only one earnings per share amount, which would have been:

A) $8.
B) $5.
C) $3.
D) Cannot be determined.