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Basic Question 38 of 40
The table below presents a partial reconciliation statement of EPS for Midsummer Travels.
What is the income before extraordinary items & accounting changes? What is the basic EPS?
User Contributed Comments 6
| User | Comment |
|---|---|
| DonAnd | Great question |
| rocyang | like it |
| Trofimenko | really great one |
| thegeneral101 | tricky...but good |
| johntan1979 | The headache is if they ask for diluted EPS... will need more than double the time to solve this one question. |
| farhan92 | think it might be one for the exam (if you feel like you are low on time) work out the basic and then eliminate options based on basic>dilutive. If you have time at the end can always come back to it |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
describe how earnings per share is calculated and calculate and interpret a company's basic and diluted earnings per share for companies with simple and complex capital structures including those with antidilutive securities
CFA® 2024 Level I Curriculum, Volume 2, Module 2.