Question 12 (2 points) The if-converted method of computing earnings per share data assumes conversion of convertible securities as of the a) beginning of the earliest period reported (regardless of time of issuance). b) beginning of the earliest period reported (or at time of issuance, if later). c) middle of the earliest period reported (regardless of time of issuance). d) ending of the earliest period reported (regardless of time of issuance). Question 13 (2 points) The market value method is used to account for the exercise of convertible preferred stock. True