1. Which of the following is correct regarding cash flows per share reported in a statement of cash flows?

a. Only fully diluted cash flows per share should be reported.

b. Both primary and fully diluted cash flows per share should be reported.

c. Cash flows per share should not be reported.

d. Only primary cash flows per share should be reported.

2. U.S. GAAP requires which of the following to be reported at fair value in a companys financial statements?

Bonds payable

Stock options held as an investment

Written loan commitments

a. II and III only

b. III only

c. None of the above

d. II only