Which of the following is correct regarding earnings per share (EPS)?
a. If preferred stock is outstanding, dividends declared on the preferred stock are always deducted from net income in calculating EPS.
b. EPS can never be negative.
c. All issues of convertible to common stock must be included in the calculation of diluted EPS.
d. If income from continuing operations is less than zero, potentially dilutive securities are anti-dilutive.
D
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How must an auditor address fraud in the planning stage?
a. The auditor must test for fraud in the planning stage by sampling accounts. b. The auditor must consider the likelihood of fraud existing in the company in the planning stage. c. The auditor must realize that most people are honest and not automatically assume that fraud exists when planning the audit. d. The auditor must not be aggressive in its initial approach to fraud as trust may be lost by the client.
Financial accounting is highly regulated by rules and regulations
Indicate whether the statement is true or false
Which of the following is one of the reasons for using smarter and more efficient packaging methods?
a. to increase the amount of packaging material they use b. to increase the space required on pallets and in containers c. to increase the carbon footprint d. to be more socially responsible
States may restrict emissions from motor vehicles.
Answer the following statement true (T) or false (F)