{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/260/10/#10-objectives","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"260","topic_title":"Earnings Per Share","subtopic":"260-10","subtopic_title":"Overall","section":{"number":"10","label":"10 Objectives","anchor":"10-objectives","is_sec":false,"groups":[{"block":null,"heading":"Basic EPS","paragraphs":[{"citation":"260-10-10-1","para":"10-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_7A6260F1-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The objective of <a href=\"/glossary/b/#basic-earnings-per-share\" class=\"term\" title=\"The amount of earnings for the period available to each share of common stock outstanding during the reporting period.\"><span>basic earnings per share</span></a> (EPS) is to measure the performance of an entity over the reporting period. </span></span></div></div>","snippet":"The objective of basic earnings per share (EPS) is to measure the performance of an entity over the reporting period.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04892fa453e56a256294c15e0b19d0a5af66693f3812c7b7678c33459d4467e5","downloaded_from":"2026-09-09T23:18:48.159Z","last_downloaded_at":"2026-09-09T23:18:48.159Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482642","source_sha256":"79ea4723ea769716acf6d7ab061192f8add4ecda0e95720ff35d74d9403553cf"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:51120be494c0cdc1969034e2ea8c2289fc4cb9d045a9b1a6c03c351c9492cc01","downloaded_from":"2026-09-09T23:18:48.159Z","last_downloaded_at":"2026-09-09T23:18:48.159Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482642","source_sha256":"79ea4723ea769716acf6d7ab061192f8add4ecda0e95720ff35d74d9403553cf"}},{"block":null,"heading":"Diluted EPS","paragraphs":[{"citation":"260-10-10-2","para":"10-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_7A626260-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The objective of diluted EPS is consistent with that of basic EPS—to measure the performance of an entity over the reporting period—while giving effect to all dilutive potential common shares that were outstanding during the period. </span></span></div></div>","snippet":"The objective of diluted EPS is consistent with that of basic EPS—to measure the performance of an entity over the reporting period—while giving effect to all dilutive potential common shares that were outstanding during…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:16d718d2ede6843fde1ce1be95ac580fde701a0271183b202404594985f83719","downloaded_from":"2026-09-09T23:18:48.159Z","last_downloaded_at":"2026-09-09T23:18:48.159Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482642","source_sha256":"79ea4723ea769716acf6d7ab061192f8add4ecda0e95720ff35d74d9403553cf"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3076dde7e0555fbf6a71ecdd808dfd55f55d5ca2f79f1b7fac4ab3bf644e5013","downloaded_from":"2026-09-09T23:18:48.159Z","last_downloaded_at":"2026-09-09T23:18:48.159Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not 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