Which of the following statements is false concerning EPS?
A) EPS is not a precise figure that is readily comparable over time.
B) EPS for different companies that are comparable to each other.
C) The EPS of a corporation is not required to reflect GAAP.
D) Although GAAP is used in determining EPS, alternative EPS estimates are possible.

Question

Quizplus · Accepted Answer

EPS must be calculated in accordance with GAAP, making statement C false.

Which of the Following Statements Is False Concerning EPS