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.

Discontinued Operations

Components of a company's business that have been disposed of or are classified as held for sale, and whose financial results are separated from ongoing operations.

Extraordinary Items

Events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence, providing insight into a company's financial health.

Continuing Operations

The parts of a business expected to continue for the foreseeable future, excluding any discontinued operations.