Which of the following statements is false regarding diluted earnings per share? Reporting diluted earnings per share is required by GAAP when potentially significant dilution of EPS exists. Diluted earnings per share can be used to reflect the extent of potential share dilution. Diluted earnings per share is not reported by some companies. Diluted earnings per share is always the same as basic earnings per share.

Solution: "Diluted earnings per share is always the same as basic earnings per share" this statement…

Answered: Which of the following statements is…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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		Reporting diluted earnings per share is required by GAAP when potentially significant dilution of EPS exists.
		Diluted earnings per share can be used to reflect the extent of potential share dilution.
		Diluted earnings per share is not reported by some companies.
		Diluted earnings per share is always the same as basic earnings per share.