Twenty years ago, there were huge differences between reported EPS numbers and reported diluted EPS numbers, particularly for tech companies. At this point in time, it was not required that the issuing of stock options to employees be accounted for as compensation expense. Since there was no compensation expense to be recorded, companies handed out a lot of options. How would granting a lot of stock options to employees result in big differences between basic and diluted EPS numbers? What is the test to determine if stock options, warrants, and rights are dilutive or antidilutive? In the case of convertible bonds, what adjustments must be made to the numerator and the denominator in the EPS calculation