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1. Can you use contributed capital to distribute dividends? Please use one sentence to explain your answer. 2. Why do the prior period adjustments need
1. Can you use contributed capital to distribute dividends? Please use one sentence to explain your answer.
2. Why do the prior period adjustments need to adjust related income tax effect?
3. What is the relationship between EPS and Price/Earnings (PE) ratio?
4. Why do the convertible securities impact the numerator and denominator of the diluted EPS formula?
5. (True or False Question): If a corporation reports a loss from continuing operations, it does not include potential common shares in calculating diluted EPS.
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Horngrens Accounting Volume 1
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood
11th Canadian Edition
0135359708, 9780135359709
