Earnings Per Share Must Be Reported on the Face of Every

question 98

Multiple Choice

Earnings per share must be reported on the face of every income statement that is prepared in accordance with

• A)generally accepted accounting principles.
• B)the National Association of State Boards of Accountancy standards.
• C)ethical standards set by the American Institute of Certified Public Accountants.
• D)the laws of the federal government.

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Definitions:

Proximal Tubule

The segment of the nephron in the kidney immediately following the Bowman's capsule that reabsorbs water, ions, and nutrients from the filtrate.

Microvilli

Tiny, finger-like extensions of the plasma membrane of cells, especially epithelial cells, which increase surface area for absorption.

Proximal Tubule

The portion of the nephron in the kidney closest to the renal corpuscle, involved in the reabsorption of water, ions, and nutrients.

Nephron Loop

Also known as the loop of Henle, the nephron loop is a section of the kidney nephron responsible for concentrating urine and conserving water and salts.