ABC Corporation has a complex capital structure. Its basic earnings per share for the 2011 fiscal year was $2.03 and its diluted earnings per share was $1.98. Rules for financial statement disclosure require that:
A. only the diluted earnings per share be disclosed.
B. only the basic earnings per share be disclosed.
C. neither earnings per share amount be disclosed.
D. both the basic and the diluted earnings per share be disclosed.
Answer:D
ABC Corporation has a complex capital structure. Its basic earnings per share for the 2011 fiscal year was $2.03 and its diluted earnings per share was $1.98. Rules for financial statement disclosure require that:
A. only the diluted earnings per share be disclosed. B. only the basic earnings per share be disclosed. C. neither earnings per share amount be disclosed. D. both the basic and the diluted earnings per share be disclosed.