Multiple Choice
Which of the following statements regarding earnings per share is not correct?
A) Earnings per share can be reported on the income statement.
B) The numerator is net income.
C) The denominator is the average number of shares of common stock outstanding.
D) Earnings per share does not have to be disclosed on the income statement or the notes to the financial statements.
Correct Answer:
Verified
Correct Answer:
Verified
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