Which Combination Is the Correct Statement Regarding Disclosure Requirements for Earnings

question 23

Multiple Choice

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.

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