Laurelli Builders LB reported the following fi nancial data for yearend December :
Common shares outstanding, January
Common shares issued as stock dividend, June
Warrants outstanding, January
Net income $
Preferred stock dividends paid $
Common stock dividends paid $
Which statement about the calculation of LBs EPS is most accurate?
A LBs basic EPS is $
B LBs diluted EPS is equal to or less than its basic EPS.
C Th e weighted average number of shares outstanding is
