Which of the Following Statements Regarding Earnings Per Share Is

question 58

Multiple Choice

Which of the following statements regarding earnings per share is false?

• A) It is reported on the income statement.
• B) It increases when net income increases.
• C)It is based on the average number of common shares outstanding.
• D)It would not be affected by an extraordinary loss.

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Definitions:

Productive Work

Activities or tasks that result in the creation of value or services that contribute to economic or social advancement.

Young Adulthood

A developmental stage typically ranging from late teens to early thirties, characterized by exploration of personal and professional relationships and roles.

Intimate Relationships

Deeply personal and close connections between individuals, characterized by affection, love, trust, and intimacy.

Independence

The state of being self-reliant and not subject to control by others, often associated with the ability to make decisions and act on one's own.