On January 31, 2011, Pack, Inc. split its common stock 2 for 1, and Young, Inc. issued a 5% stock dividend. Both companies issued their December 31, 2010 financial statements on March 1, 2011. Should Pack’s 2010, basic earnings per share (BEPS) take into consideration the stock split, and should Young’s 2010 BEPS take into consideration the stock dividend?

Pack’s 2010 BEPS Young’s 2010 BEPS

a. Yes No

b. No No

c. Yes Yes

d. No Yes