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Question text Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015,...

Question text

Understanding EPS Calculations
On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share.

Fill in the missing information.


Rounding instruction:

Round answer a. to two decimal places.
Round answer b., c., & d. to the nearest million.
Round answer e. to three decimal places.

$ millions, except per share amounts 2015 2014 2013
Net income $17,287 $4,833 d. Answer

Incorrect
Mark 0.00 out of 1.00

Preferred stock dividends $1,483 b. Answer

Incorrect
Mark 0.00 out of 1.00

$1,349
Net income applicable to common shareholders $15,804 c. Answer

Incorrect
Mark 0.00 out of 1.00

$9,993
Average common shares outstanding 10,462.282 10,527.818 e. Answer

Incorrect
Mark 0.00 out of 1.00

Basic earnings per share a. Answer

Incorrect
Mark 0.00 out of 1.00

$0.34 $0.94
0 0
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