Earnings Per Share Is Only Expressed in Terms of the Common

question 111

True/False

Earnings per share is only expressed in terms of the common shares, not the preferred shares.

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Definitions:

Community Property

A form of ownership between married couples in some states, where assets acquired during the marriage are considered jointly owned.

Separate Property

Property that a spouse owned before the marriage plus inheritances and gifts acquired by the spouse during the marriage.

No-Fault Divorce

A divorce in which neither party is deemed to be at fault for the breakdown of the marriage.

Living Separately

A situation in which a couple lives in different places, often as a step in the separation or divorce process.