Question: . How is Basic EPS calculated? Why is Diluted EPS only computed for profitable companies? For most profitable companies, what is the most common item

. How is Basic EPS calculated? Why is Diluted EPS only computed for profitable companies? For most profitable companies, what is the most common item that causes Basic EPS to differ from Diluted EPS? What are two conceptual reasons why accountants calculate Diluted EPS?

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