The income statement requires presentation of basic and diluted earnings per share for each year presented, plus additional information to be disclosed in the notes to the financial statements for all years presented.

Question

Quizplus · Accepted Answer

The income statement must present basic and diluted earnings per share for each year presented, and additional disclosures are required in the notes for all years presented, as per accounting standards.

The Income Statement Requires Presentation of Basic and Diluted Earnings