Which one of the following statements concerning earnings per share amounts is true?
A) Earnings per share related to discontinued operations must be reported on the income statement.
B) Earnings per share related to extraordinary items must be reported on the income statement.
C) Earnings per share related to continuing operations must be reported on the income statement.
D) Earnings per share related to the cumulative effect of a change in accounting principle must be reported on the income statement.
C
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What will be an ideal response?
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What will be an ideal response?
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