Refer to FASB Codification to answer.

Indicate precisely the sections of the Codification that provide the information for your response to the question. That is, enter the code in the format: _ _ _ - _ _ - _ _ - _ _. Write the code for each paragraph of the Codification used to respond.

Answer the following questions primarily in your own words. You may quote from the Codification if needed but be sure to indicate that you are presenting a quotation. Your responses should be concise and pertinent.

Please do not use highlighting or colored typeface.

XYZ Company has some questions about reporting its EPS this year. Three years of income statements are being presented in the published financial statements.

a. XYZ will report both basic and diluted EPS for the current year and for last year. Does XYZ need to present both EPS versions on the third income statement (for two years ago) if the value is the same for both basic and diluted EPS?

b. XYZ had a 20% stock dividend this year. Will the stock dividend impact the EPS reported for any of the other years?