Question

Earnings per share data is required to be reported: In disclosure notes to the financial statements....

Earnings per share data is required to be reported:

  • In disclosure notes to the financial statements.

  • Only if it adds to the relevance of the income statement.

  • In the summary section of the annual report.

  • On the face of the income statement.

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Answer #1

Solution:

Earnings per share data is required to be reported "On the face of the income statement."

Hence last option is correct.

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