【導(dǎo)讀】18-1. Stice|Stice|Skousen. EarningsPerShare. 18-2. issuedbypanies,inthepress,and. 18-3. SimpleandComplex. CapitalStructures. share.share.18-4. SimpleandComplex. CapitalStructures. workingwiththeIASC,issued. StatementNo.128,“Earningsper. Share.”basedbasicEPS.18-5. Considersonly. monshares. issuedand. outstanding.Basic. SimpleandComplex. CapitalStructures. Reflectsthe. maximumpotential. dilutionfromall. possiblestock. conversionsthat. wouldhave. decreasedEPS.Diluted. 18-6. hasonlymonstock. hasonlymonand. outstanding. stockoptions,warrants,orother. rightsoutstanding. SimpleandComplex. CapitalStructures. whereacorporation―。18-7. NetIne–PreferredDividends. Weighted-Average. SimpleandComplex. CapitalStructures. 18-8. SimpleandComplex. CapitalStructures. monshares,thuscausinga. 18-9. ofCommonStock. Jan.1toMay110,000×4/12=3,333. May1toNov.115,000×6/12=7,500. Nov.1toDec.3113,000×2/12=2,167. 18-10. StockDividendsand. StockSplits. February1400. December18,200. 18-11. StockDividendsand. StockSplits. 18-12. StockDividendsand. StockSplits. sharesoutstanding.18-13. CapitalStructure. D

　　

【正文】 previous illustration, instead of 8% convertible bonds, assume the pany has 8% preferred stock outstanding, par value $500,000, convertible into 40,000 shares of mon stock. The preferred stock was outstanding for the entire year. (continues) 1846 Computation of Diluted Earnings per Share for Securities Issued during the Year Basic earnings per share: Net ine, without the deduction for interest on bonds $111,000 Less: Preferred dividends 40,000 Net ine identified with mon stock $ 71,000 Actual number of shares outstanding 247。 100,000 Basic EPS ($71,000/100,000) $ 1847 Computation of Diluted Earnings per Share for Securities Issued during the Year Diluted earnings per share: Net ine assuming no payment of preferred dividends due to conversion $111,000 Actual number of shares outstanding 100,000 Additional shares issued on assumed conversion of preferred stock 40,000 Adjusted number of shares 140,000 Diluted EPS ($111,000/140,000) $ 1848 Effect of Actual Exercise or Conversion 400,000 9/12 of year 300,000 500,000 3/12 of year 125,000 Weightedaverage number of shares for basic EPS 425,000 OR (continues) 1849 Effect of Actual Exercise or Conversion 1850 Effect of a Loss from Continuing Operations on EPS Assume the following data for Boggs Co. Computation of basic and diluted EPS is shown on Slide 1851. (continues) 1851 Effect of a Loss from Continuing Operations on EPS Adjusted number of shares 120,000 Diluted loss per share ($50,000/120,000) $ () ……………………………………………………. …………………………………………. 1852 Multiple Potentially Dilutive Securities ? The FASB requires selection of the bination of securities producing the lowest possible EPS figure. ? Any dilutive stock options and warrants are considered first before introducing convertible securities into the putations. (continues) 1853 Multiple Potentially Dilutive Securities A pany had no stock options but did have four convertible securities that would have the following effects on diluted EPS if each were considered separately. (continues) 1854 Multiple Potentially Dilutive Securities Basic EPS was $ ($2,275,000/350,000 outstanding shares). Dilution is determined by adding one security at a time to the basic EPS figure as follows: 1855 Multiple Potentially Dilutive Securities It would not be necessary to continue the putation beyond Security B because the EPS at that point is lower than the incremental EPS impact of Security C. 1856 Financial Statement Presentation 1. A reconciliation of both the numerators and the denominators of the basic and diluted EPS putations for ine from continuing operations. 2. The effect that preferred dividends have on the EPS putations. Firms are required to provide the following disclosure items in the notes to the financial statements: (continues) 1857 Financial Statement Presentation 3. Securities that could potentially dilute basic EPS in the future that were not included in puting diluted EPS this period because those securities were antidilutive for the current period. 4. Disclosures of transactions that occurred after the period ended but prior to the issuance of financial statements that would have materially affected the number of mon shares outstanding or potentially outstanding such as the issuance of stock options.