Publicly held firms that apply U.S.GAAP or IFRS must show earnings per common share data. Firms reporting multiple categories of income items must disclose earnings per common share
A)in the body of the statement of cash flows.
B)in the body of the balance sheet.
C)for the total, only.
D)for each reported category.
E)in the footnotes to the financial statements.

Question

Quizplus · Accepted Answer

Publicly held firms that apply U.S.GAAP or IFRS must show earnings per common share data for each reported category. This is required to provide investors with a clear understanding of the impact of each category of income or expense on the overall earnings per share. The earnings per share data is typically presented in the footnotes to the financial statements.

Publicly Held Firms That Apply U