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Paragraph 2. Provide the BEST answer for each of the following: 1. Which of the following is a TRUE statement? (A) There are two

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Paragraph 2. Provide the BEST answer for each of the following: 1. Which of the following is a TRUE statement? (A) There are two calculations of earnings per share that a company may disclose: "basic" and "undiluted." (B) Earnings per share are required only on the income statements of issuers. (C) The computation of earnings per share is based on weighted-average shares of common stock issued. (D) All the above are true. (E) None of the above is true.

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