12 For a corporation, we calculate earnings per share on both common stock and preferred stock B preferred stock but not common stock neither common stock nor preferred stock D common stock but not preferred stock 13 An addition to or reduction in the beginning retained earnings balance in a statement of shareholders' equity is called what? A foreign currency translation adjustment B holding gain or loss future period adjustment D prior period adjustment C 14 1 3 The fair value option can be used when accounting for our company's investment in another company's bonds. If we use the fair value option, we account for the changes in market value as though the investment was a(n) A hold to maturity security B trading security C held for sale security D equity security in which we own more than 20% of the other company's common stock 5 6 7 B Sheet1 Enter DEC FDF 9 W MacBook Pro