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Exercise 31: Which of the following always increases basic earnings per share of a firm that reports a loss? a Issuing cumulative preferred stock. b

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Exercise 31: Which of the following always increases basic earnings per share of a firm that reports a loss? a Issuing cumulative preferred stock. b Purchasing treasury stock. Issuing common stocks. d Retiring convertible bonds. e Paying more than book (carrying) value to retire outstanding bonds

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