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Author Question: Earnings per share must be reported on the face of every income statement that is prepared in accordance with (Read 62 times)

lrhoads

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Question 1

Which of the following statements relating to earnings per share is not true?
◦ It is a cash measure.
◦ It is a financial measure.
◦ It is based on the accrual basis of accounting.
◦ It is an often-reported measure of the potential return to stockholders.

Question 2

Earnings per share must be reported on the face of every income statement that is prepared in accordance with
◦ ethical standards set by the American Institute of Certified Public Accountants.
◦ the laws of the federal government.
◦ the National Association of State Boards of Accountancy standards.
◦ generally accepted accounting principles.


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Marked as best answer by lrhoads on Feb 5, 2023

gyvette

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lrhoads

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it


Laurenleakan

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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