What is the protocol to determine if multiple potentially dilutive securities are actually dilutive or antidilutive?
What will be an ideal response?
Answer: When multiple potentially dilutive securities are present, determine the sequencing order for each of the securities by computing the incremental income per share and then ranking the order of entry for each. The incremental income per share is the increase in income divided by the increase in common shares caused by the security. Order the results from the lowest incremental income per share to the highest as you compute diluted EPS.
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Which of the following would most likely NOT be included in a residential lease?
A. Legal description of the leased premises. B. Term of the lease. C. Copy of the rules and regulations. D. Copy of the Uniform Residential Landlord and Tenant Act.
Martha has dinner at a very posh restaurant in New Orleans. For dessert, she has the pecan pie
While eating the pie, Martha bites down on a pecan shell, breaking a tooth. Martha sues the restaurant for her injuries. Which of the following is true? A) Martha wins regardless of which test the state follows. B) Martha wins, but only if the state follows the foreign substance test. C) Martha wins, but only if the state follows the consumer expectation test. D) The restaurant wins; there is no breach of warranty in this situation.