Which of the following earnings per share figures must be disclosed on the face of the income statement?
A) EPS for income before taxes.
B) The effect on EPS from unusual items.
C) EPS for gross profit.
D) EPS for income from continuing operations.

Question

Quizplus · Accepted Answer

EPS for income from continuing operations is the only earnings per share figure that must be disclosed on the face of the income statement per GAAP. EPS for income before taxes and EPS for gross profit are not required by GAAP, and the effect on EPS from unusual items is typically disclosed in the footnotes to the financial statements.

Which of the Following Earnings Per Share Figures Must Be