Basic and diluted earnings per share data are required to be reported:
A)In footnotes to the financial statements.
B)Only if they add to the relevance of the income statement.
C)In the summary section of the annual report.
D)On the face of the income statement.

Question

Quizplus · Accepted Answer

Basic and diluted earnings per share data are required to be reported on the face of the income statement. This is necessary for investors and stakeholders to evaluate the company's profitability and potential future earnings per share.

Basic and Diluted Earnings Per Share Data Are Required to Be