Which of the Following Statements Is False Regarding Diluted Earnings

question 87

Multiple Choice

Which of the following statements is false regarding diluted earnings per share?

• A)Reporting diluted earnings per share is required by GAAP when potentially significant dilution of EPS exists.
• B)Diluted earnings per share can be used to reflect the extent of potential share dilution.
• C)Diluted earnings per share is not reported by some companies.
• D)Diluted earnings per share is always the same as basic earnings per share.

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Personal Property

Movable items owned by an individual as opposed to real estate or land.

Property Rights

Legal rights to possess, use, and dispose of assets including real estate, personal property, and intellectual property.

Abandoned Property

Property that has been discarded by the owner, who has relinquished all rights and claims over it.

Possessing

The act of owning or having certain goods, assets, or properties under one's control.