Earnings per share data is required to be reported:
A) In disclosure notes to the financial statements.
B) Only if it adds to the relevance of the income statement.
C) In the summary section of the annual report.
D) On the face of the income statement.

Question

Quizplus · Accepted Answer

Earnings per share data is required to be reported on the face of the income statement in accordance with generally accepted accounting principles (GAAP). While additional disclosures may be included in the notes to the financial statements or in the annual report, the primary requirement is to report EPS on the income statement.

Earnings Per Share Data Is Required to Be Reported