Exercise #2:

Provide Codification references for all responses.

1. Access the glossary ("Master Glossary") to answer the following:

1. What is the definition of "basic earnings per share"?

2. What is "dilution"?

3. What is a "warrant"?

4. What is a "grant date"?

2. For how many periods must a company present EPS data?

3. For each period that an income statement is presented, what must a company disclose about its EPS?

4. If a company's outstanding shares are increased through a stock dividend or a stock split,

how would that alter the presentation of its EPS data?

Provide Codification references for all responses.