A company is required to report earnings per share on $\begin{array}{lll}
& \text {Net Income}& \text {Comprehensive Income}\
\text { I. } & \text { Yes } & \text { Yes } \
\text { II. } & \text { No } & \text { No } \
\text { III. } & \text { Yes } & \text { No } \
\text { IV } & \text { No } & \text { Yes }
\end{array}$

A)I
B)II
C)III
D)IV

Question

A company is required to report earnings per share on $\begin{array}{lll}
& \text {Net Income}& \text {Comprehensive Income}\
\text { I. } & \text { Yes } & \text { Yes } \
\text { II. } & \text { No } & \text { No } \
\text { III. } & \text { Yes } & \text { No } \
\text { IV } & \text { No } & \text { Yes }
\end{array}$

A)I
B)II
C)III
D)IV

Quizplus · Accepted Answer

Earnings per share (EPS) is calculated based on net income, not comprehensive income. Therefore, companies are required to report EPS on net income but not on comprehensive income.

A Company Is Required to Report Earnings Per Share On \begin{array}{lll}