A company is not required to report a per share amount on the face of the income statement for which one of the following items?
A) Net income
B) Prior period adjustment
C) Extraordinary item
D) Discontinued operations

Question

Quizplus · Accepted Answer

Per share amount is not required to be reported for prior period adjustment on the income statement. It should be disclosed in the footnotes instead. Per share amount is required for net income, extraordinary item, and discontinued operations.

A Company Is Not Required to Report a Per Share