Which of the following statements is NOT correct?

Question 22Select one:

a.

The treasury stock method is used for written call options.

b.

Contingently issuable shares are never included in diluted earnings per share calculations.

c.

Options that are out of the money are ignored in earnings per share calculations.

d.

Corporations that have only antidilutive securities are not permitted to increase their earnings per share and are required to report only basic earnings per share.