When Applying the If-Converted Assumption for Potentially Diluted Securities,conversions Are

question 44

Multiple Choice

When applying the if-converted assumption for potentially diluted securities,conversions are assumed to occur at the ________.

• A)end of the prior year for hypothetical conversions
• B)beginning of the year for hypothetical conversions
• C)middle of the current year for actual conversions
• D)at the beginning of the current year or on the issue date of the dilutive security if issued during the year

---

Definitions:

Wrongful Dismissal

The failure of an employer to give reasonable notice of termination of a contract of employment.

Unilateral Action

An action taken by one party or nation without the agreement or cooperation of others.

Terms Of Employment

The conditions and agreements under which an employee works, including hours, salary, benefits, and duties.

Specific Performance

A legal remedy requiring a party to perform their obligations under a contract, rather than simply paying damages.