Which of the following is the best description of why an entitys earnings per share (EPS) might decrease over the prior year? Assume the entity is publicly accountable and reports under IFRS.

Question 12 options:

a)	The annual dividend on the entitys preferred shares decreased in the year.

b)	Profit was higher in the current year than in the prior year.

c)	The entity repurchased a portion of the common shares that were outstanding at the beginning of the year.

d)	Additional common shares were issued in the year.