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FASB Statement 128 — Earnings per Share

Historical FASB pronouncement establishing the basic and diluted EPS architecture later codified in Topic 260.

Authority and currency

About this authority

Publisher
Financial Accounting Foundation
Standing
Primary authority
Version
Statement 128 historical text
Relevant parts
Basic EPS, diluted EPS, potential common shares, presentation, and examples
Currency
superseded · checked Aug 8, 2026

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Statement 128 supplies historical architecture for basic and diluted EPS. It is used to explain the move from primary EPS to a basic/diluted presentation, not as current paragraph-level authority.