Asked by Katie Creager on May 25, 2024
Verified
What additional information is required to be presented on the same page as the income statement?
A) Cash paid for interest.
B) Deferred revenues.
C) Earnings per share.
D) Profit margin.
Earnings Per Share
A financial metric that divides a company's net income by the number of its outstanding shares, indicating how much money each share makes.
Income Statement
A financial document that reports a company's financial performance over a specific period, detailing revenues, expenses, and net income.
- Understand the importance and methodology for computing earnings per share (EPS).
Verified Answer
KM
Karishma MevawalaMay 25, 2024
Final Answer :
C
Explanation :
Earnings per share (EPS) is required to be presented on the face of the income statement according to accounting standards such as the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP).
Learning Objectives
- Understand the importance and methodology for computing earnings per share (EPS).
Related questions
Which of the Following Statements Regarding Earnings Per Share Is ...
Describe Earnings Per Share,including How It's Computed and How Earnings ...
Earnings Per Share Is Calculated by Dividing Net Income by ...
Basic Earnings Per Share Is Calculated by Dividing ...
Selected Data from Carmen Company at Year-End Are Presented Below ...