Young Distributors, Inc. issued convertibl
问题:
Young Distributors, Inc. issued convertible bonds two years ago, and those bonds are the only potentially dilutive security Young has issued. In 2005, Young’ s basic earnings per share (EPS) and diluted EPS were identical, but in 2004 they were different. Which of the following factors could NOT explain the difference between EPS and Diluted EPS The:()
A. bonds were redeemed by Young Distributors at the beginning of 2005.
B. average market price of Young increased in 2005.
C. bonds were antidilutive in 2005 but not in 2004.