To calculate diluted EPS, the accountant does all of the following except:
a. adds back to net income any compensation expense recognized on the employee stock options
b. adds back any interest expense (net of taxes) on convertible bonds
c. adds back any dividends on convertible preferred stock the firm subtracted in computing net income to common shareholders.
d. enters only the net incremental shares issued (shares issued under options minus assumed shares repurchased) in the computation of diluted EPS.
A
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Franco and Jason share income and losses in a 2:1 ratio after allowing for salaries of $15,000 and $30,000 . If the partnership suffers a $15,000 loss, by how much would Jason's capital account increase?
a. $10,000 b. $20,000 c. $40,000 d. $25,000
The business entity that converts purchased raw materials into finished goods by using labor, technology, and facilities is a:
a. Manufacturer. b. Merchandiser. c. Service business. d. Not-for-profit service agency.
When you say words in a ______ during a speech, it means you are not happy.
a. monotone b. high tone c. low tone d. upbeat tone
According to ERC respondents, the most common form of retaliation experienced by those who reported misconduct came in the form of ______.
a. lost pay or bonuses b. lost job c. abuse by coworkers d. altered treatment by managers