C is corrent because basic earnings per share should be based on the weighted-average outstanding shares. Diluted EPS should not include any security whose conversion, exercise, or contingent issuance would increase diluted EPS. By definition, antidilutive common stock equivalents would increase diluted EPS if they were included in its calculation.
A is incorrect. Basic earnings per share should be based on the weighted-average outstanding shares. Diluted EPS should not include any security whose conversion, exercise, or contingent issuance would increase diluted EPS. By definition, antidilutive common stock equivalents would increase diluted EPS if they were included in its calculation.
B is incorrect. Basic earnings per share should be based on the weighted-average outstanding shares. Diluted EPS should not include any security whose conversion, exercise, or contingent issuance would increase diluted EPS. By definition, antidilutive common stock equivalents would increase diluted EPS if they were included in its calculation.
D is incorrect. Basic earnings per share should be based on the weighted-average outstanding shares. Diluted EPS should not include any security whose conversion, exercise, or contingent issuance would increase diluted EPS. By definition, antidilutive common stock equivalents would increase diluted EPS if they were included in its calculation.
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