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Kentucky Company does not have any potentially dilutive securities. In all cases, Kentucky should disclose only one computation for basic earnings per share. (True/False) Nevada

Kentucky Company does not have any potentially dilutive securities. In all cases, Kentucky should disclose only one computation for basic earnings per share. (True/False)

Nevada Company has convertible preferred stock outstanding at the end of the period. Preferred stock dividends should not be deducted in arriving at basic and diluted earnings per share. (True/False)

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