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Item $9$

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$[$The following information applies to the questions displayed below.$]$

EPS data $($both basic and diluted$)$ must be reported for $($a$)$ income before any discontinued operations, $($b$)$ the discontinued operations, and $($c$)$ net income. Disclosures also should include a reconciliation of the numerator and denominator used in the computations.

Knowledge Check $01$

Which of the following statements about disclosures relating to EPS are true?

Note: Select all that apply.

Check All That Apply

A reconciliation is required of the numerator and denominator used in the basic EPS computations to the numerator and the denominator used in the diluted EPS computations.

A reconciliation is required of the numerator and denominator used in the basic EPS computations to the numerator and the denominator used in the diluted EPS computations.

Any adjustments to the numerator for preferred dividends must be disclosed.

Any adjustments to the numerator for preferred dividends must be disclosed.

Any potential common shares that weren$$t included because they were dilutive must be disclosed.

Any potential common shares that weren$$t included because they were dilutive must be disclosed.

Any transactions that occurred before the end of the most recent period that would materially affect earnings per share.