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Payal123
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Joined: 08 Jan 2009
Location: United States
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Posts: 330

Posted: 24 Aug 2009 at 13:30 \| IP Logged

Even i googled it & found one detailed example on contingent shares which actually included Contingent Shares in Basic EPS calculation since condition had been satisfied.

But dont know if its correct.

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sashkacpa
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Joined: 12 Sep 2008
Location: United States
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Posted: 24 Aug 2009 at 13:42 \| IP Logged

Looks like Wiley is wrong her even on page 992 where they quote SFAS 128.

I went to FASB.ORG

SFAS 128

Contingently issuable Shares

91. ......The Board concluded that (a) consistent with the objective that BASIC EPS should represent a measure of the performance of an entity over a specific reporting period, contingently issuable shares should be INCLUDED in BASIC EPS only when there is no circumstance under which those shares would not be issued and (b) BASIC EPS should NOT be restated for changed circumstances.

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