[shawnl112]

JS is a new accountant at Petty Enterprises and is preparing the Year 2 comparative financial statements. JS determined that basic and diluted earnings per share are the same amount for Year 2, but not Year 1. What section of the authoritative guidance best describe the periods for which both basic and diluted earnings per share must be presented?

Enter your response in the answer fields below. Unless specifically requested, your response should not cite implementation guidance. Guidance on correctly structuring your response appears above and below the answer field.

FASB ASC _ _ _ – _ _ – _ _ _

Is there any other ways to practice these questions besides using the becker software?