Given the following income statement line items:
Income from operations
Income before income taxes
Income from continuing operations
Income from discontinued operations
Net income
How many earnings per share amounts are required to be disclosed?
A) 5
B) 4
C) 3
D) 2

Question

Quizplus · Accepted Answer

Publicly traded companies are required to disclose basic and diluted earnings per share (EPS) for (1) income from continuing operations and (2) net income. Therefore, at least two EPS amounts are required. Income from discontinued operations is included in the calculation of net income, so it does not require a separate EPS disclosure.

Given the Following Income Statement Line Items