Which combination is the correct statement regarding disclosure requirements for earnings per share?
a. Only the EPS figure for net income must be presented and it must appear on the face of the income statement.
b. Income from continuing operations and net income may be presented on the face of the income statement or in the notes.
c. Income from continuing operations and net income are required to be presented on the face of the income statement; presentation of EPS amounts for extraordinary items and discontinued operations is optional.
d. Income from continuing operations and net income are both required to be presented on the face of the income statement; presentation of EPS amounts for extraordinary items and discontinued operations may be presented on the face of the income statement or in the notes.
D
You might also like to view...
Suppose you are an HR manager who is conducting orientation for a group of new hires in the accounting department. All of the new hires will be working with accounts receivable. When the orientation is complete, which three pieces of information should all of the new hires have?
What will be an ideal response?
Cloud computing is a practice in which the organization sells its IT resources to a third-party outsourcing vendor then leases back IT services from the vendor for a contract period
Indicate whether the statement is true or false
Typically, business plan projections are made in a 36-month schedule.
Answer the following statement true (T) or false (F)
First Fifth Bank has a mortgage lending program that discounts the interest rates on mortgages in certain areas. For example, if there are certain areas of a city in which the repayment rate for mortgages is high, First Fifth charges lower interest rates to the homebuyers in those areas. Discuss whether there are any constitutional or Fair Housing Act issues