Earnings Per Share Reported on Income Statement
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Under US GAAP, earnings per share data should be reported on the income statement for:
Extraordinary items | Income before extraordinary items
a) yes | no
b) yes | yes
c) no | yes
d) no | no
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Solution Summary
This solution explains how earnings per share should be reported on the income statement for extraordinary items and income before extraordinary items.
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b) yes | yes
As per GAAP, by ...
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