Given the Following Convertible Securities, Determine the Appropriate Ranking to Determine

question 8

Multiple Choice

Given the following convertible securities, determine the appropriate ranking to determine their impact on diluted earnings per share calculations:

• A)1, 2, 3
• B)3, 1, 2
• C)2, 1, 3
• D)1, 3, 2

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Definitions:

Erosion

The process by which soil, rock, and other surface material are worn away and transported by natural forces such as wind or water.

Deposition

the geological process by which sediments, soil, and rocks are added to a landform or land mass.

Unconformity

A joining line between two mismatched rock layers, representative of an era where there was either erosion or a halt in deposition.

Sandstone

A sedimentary rock formed by the compaction and cementation of sand-sized mineral particles or rock fragments.