Campbell Incorporated reported the following information in their consolidated income statement for the years ended December 31,

Question:

Campbell Incorporated reported the following information in their for the years ended December 31, 2012 and 2013:

Campbell Incorporated reported the following information in their consolidated income

a. What was Campbell€™s basic earnings per share in 2012 and 2013?
b. What was Campbell€™s diluted earnings per share in 2012 and 2013?
c. Explain, in words, the direction of the difference between basic EPS and dilutedEPS.

Consolidated Income Statement
When talking about the group financial statements the consolidated financial statements include Consolidated Income Statement that a parent must prepare among other sets of consolidated financial statements. Consolidated Income statement that is...