-Diluted EPS is only required when

a company has discontinued operations.

there is a complex capital structure.

a company uses ASPE.

basic EPS can't be calculated.

-At January 1, 2020, Marvel Corp. had 200,000 common shares outstanding (no preferred shares issued). On July 1, 2020, the corporation issued 225,000 shares, and reported net income of $315,000 for calendar 2020. Basic earnings per share for 2020 would be

$2.80.

$0.74.

$1.40.

$1.01.

-At January 1, 2020, Dango Ltd had 450,000 common shares outstanding (no preferred shares issued). During 2020, Dango issued 60,000 shares on May 1, purchased 36,000 treasury shares on September 1, and issued 42,000 more shares on November 1. The weighted average of common shares outstanding for 2020 is

497,000.

485,000.

509,000.

469,000.