Visa 2008 Annual Report Download - page 197
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Table of Contents
VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2008
(in millions, except as noted)
entitled to equal per share distributions whether through dividends or upon liquidation. The Company therefore presented a single earnings per share
amount applicable to all outstanding classes of common stock for period presented ending prior to the IPO.
ii Following the IPO, the Company calculated net income per share using the two-class method under the guideline of SFAS No. 128 to reflect the
different rights of each class and series of outstanding common stock.
iii Historical balances for periods prior to October 1, 2007 represent balances for Visa U.S.A. Inc., deemed the accounting acquirer in the business
combination. Visa U.S.A. Inc. was a non-stock corporation and therefore there was no comparable metric for net income per share.
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