1. Which is a required disclosure on the face of income statement in relation to earnings per share? a. Basic Earnings per share only b. Diluted earnings per share only c. Neither basic nor diluted earnings per share d. Both basic and diluted earnings per share 2. EPS disclosures are a. Required for all public and nonpublic entities b. Required for public entities and encouraged and encouraged nonpublic entities c. Encouraged for public entities and required for nonpublic entities d. Encouraged for all entities 3. In computing basic loss per share, the required annual preference dividend on cumulative preference share shall be a. Ignored b. Deducted from the net loss whether declared or not c. Added to the net loss whether declared or not d. Added to the net loss only when declared

1. Which is a required disclosure on the face of income statement in relation to earnings per share? a. Basic Earnings per share only b. Diluted earnings per share only c. Neither basic nor diluted earnings per share d. Both basic and diluted earnings per share 2. EPS disclosures are a. Required for all public and nonpublic entities b. Required for public entities and encouraged and encouraged nonpublic entities c. Encouraged for public entities and required for nonpublic entities d. Encouraged for all entities 3. In computing basic loss per share, the required annual preference dividend on cumulative preference share shall be a. Ignored b. Deducted from the net loss whether declared or not c. Added to the net loss whether declared or not d. Added to the net loss only when declared

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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