Laurelli Builders (LB) reported the following fi nancial data for year-end December 31: Which statement about the

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Laurelli Builders (LB) reported the following fi nancial data for year-end December 31: image text in transcribed

Which statement about the calculation of LB’s EPS is most accurate?
A . LB’s basic EPS is $1.12.
B . LB’s diluted EPS is equal to or less than its basic EPS.
C . Th e weighted average number of shares outstanding is 2,210,000.

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International Financial Statement Analysis Workbook

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Question Posted: Mar 27, 2024 02:02 AM

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Laurelli Builders (LB) reported the following fi nancial data for year-end December 31: Which statement about the

Question:

Common shares outstanding, January 1 2,020,000 Common shares issued as stock dividend, June 1 380,000 Warrants outstanding, January 1 500,000 Net income $3,350,000 Preferred stock dividends paid $430,000 Common stock dividends paid $240,000

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B is correct LB has warrants in its capital structure if the exercise price is less th...View the full answer

International Financial Statement Analysis Workbook

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