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All of the following statements are true regarding earnings per common share (EPS) except a. EPS is sometimes called basic earnings per share. b. EPS
All of the following statements are true regarding earnings per common share (EPS) except a. EPS is sometimes called basic earnings per share. b. EPS is calculated as (Net Income Preferred Dividends) / Average Number of Common Shares Outstanding. c. Corporations whose stock is publicly traded must report EPS on their income statements. d. EPS cannot be calculated if a company has no preferred stock.
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