Assume that the following data relative to Kane Company for 2015 is available: 
Instructions
(a) Compute the basic earnings per share for 2015. (Round to the nearest penny.)(b) Compute the diluted earnings per share for 2015. (Round to the nearest penny.)
Definitions:
Potential Confound
A variable that might falsely make one believe that a causal relationship exists between two other variables.
Seriously Ill
A condition or state in which an individual is suffering from a severe and life-threatening health problem.
Inpatients
Patients who are admitted to a hospital or clinic and stay overnight or for an extended period for medical care or treatment.
Experimental Group
In research, the group of participants that receives the treatment or intervention being tested, as opposed to the control group which does not.
Q10: All intangibles are subject to periodic consideration
Q52: The deposit method of revenue recognition is
Q54: The conversion of bonds is most commonly
Q70: The market value method is used to
Q103: Kasravi Co. had net income for 2015
Q112: Treasury stock.Agler Corporation's balance sheet reported the
Q113: The rate of interest actually earned by
Q113: All of the following statements regarding accounting
Q122: At the date of declaration of a
Q143: Berry Corporation has 50,000 shares of $10