16. When calculating EPS stock dividends distributed in June are (Points : 5) Calculated retrospectively Calculated from June to the end of the year Calculated from the beginning of the year until the distribution occurred Not used for EPS calculations since they are not cash dividends 17. Which of the following is not required by generally accepted accounting principles? (Points : 5) Cash flow per share Earnings per share Statement of cash flows Disclosure notes 18. As a staff accountant, you discovered that due to a change in accounting rules, you realize that you now need to report consolidated financial statements for a new entity. This change should be reported (Points : 5) Prospectively Retrospectively Only if asked by your supervisors to prepare consolidated statements for the new entity No reporting is required since it is a new entity