Publicly held firms that apply U.S.GAAP or IFRS must show earnings per common share data in the
A)body of the income statement.
B)footnotes to the financial statements.
C)management discussion and analysis.
D)body of the balance sheet.
E)body of the statement of cash flows.

Question

Quizplus · Accepted Answer

Earnings per common share data is a component of the income statement and is typically shown on a per-share basis in the body of the income statement, alongside other measurements of financial performance such as revenues, expenses, and net income. This information is important for investors to evaluate the company's profitability on a per-share basis. Although footnotes to the financial statements may provide additional information about the calculation of earnings per share or other factors affecting shareholder value, the primary presentation of this data is in the income statement.

Publicly Held Firms That Apply U