AICPA CPA-Financial Exam - Topic 2 Question 117 Discussion

Actual exam question for AICPA's CPA-Financial exam

Question #: 117
Topic #: 2

[All CPA-Financial Questions]

Earnings per share data should be reported on the income statement for:

AOption A

BOption B

COption C

DOption D

Show Suggested Answer

Suggested Answer: B

Choice 'b' is correct. Yes - Yes.

Both the 'extraordinary items' and 'income before extraordinary items' should be shown with an earnings per share number on the income statement.

by Crista at Oct 16, 2025, 10:09 PM

Limited Time Offer

25%

Off

Get Premium CPA-Financial Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Lawanda

9 hours ago

I lean towards Option B. It makes sense.

upvoted 0 times

...

Jaclyn

6 days ago

Definitely! Earnings per share matter.

upvoted 0 times

...

Shanice

11 days ago

I think it's crucial for transparency.

upvoted 0 times

...

Cherrie

16 days ago

It's definitely required for public companies.

upvoted 0 times

...

Billy

21 days ago

I think it depends on the type of company, right?

upvoted 0 times

...

Hoa

26 days ago

Wait, are we sure it's always there?

upvoted 0 times

...

Micheline

1 month ago

Totally agree, it's a key metric!

upvoted 0 times

...

Eloisa

1 month ago

Earnings per share is usually on the income statement.

upvoted 0 times

...

Selma

1 month ago

Option D is clearly the way to go. I mean, who needs an income statement when you can just wing it?

upvoted 0 times

...

Lai

2 months ago

Haha, who even needs earnings per share when you can just make up the numbers, am I right?

upvoted 0 times

...

Jamal

2 months ago

I agree with John. Option B is the right answer here.

upvoted 0 times

...

Jeannetta

2 months ago

I feel confident about this topic, so I'm going to go with my first instinct. Time to select an answer and move on to the next question.

upvoted 0 times

...

Xenia

2 months ago

The correct answer is Option B. Earnings per share data should be reported on the income statement.

upvoted 0 times

...

Shaunna

3 months ago

Earnings per share? More like earnings per dream, am I right folks?

upvoted 0 times

...

Johnna

3 months ago

I'm a little unsure about this one. I'll review my notes on financial statements and try to eliminate the options that don't make sense.

upvoted 0 times

...

Kathryn

3 months ago

Okay, let me think this through step-by-step. I know earnings per share is a key financial metric, so I need to identify where it would be reported on the income statement.

upvoted 0 times

...

Sophia

4 months ago

Hmm, this seems like a straightforward question, but I want to make sure I'm not missing any important details. I'll read through the options carefully.

upvoted 0 times

...

Fernanda

4 months ago

I think I know the answer to this one, but I want to double-check my understanding before selecting an option.

upvoted 0 times

Yolando

2 months ago

Definitely! It helps investors make informed decisions.

upvoted 0 times

...

Rocco

2 months ago

I believe it's crucial for transparency.

upvoted 0 times

...

Tawna

3 months ago

I’m leaning towards Option B, but I’m not sure.

upvoted 0 times

...

Margarett

4 months ago

I believe it’s important to report diluted EPS as well, but I can't recall if that’s always required on the income statement or just in the notes.

upvoted 0 times

...

Louis

4 months ago

I'm a bit unsure about the options provided. I feel like I need to double-check if there are specific requirements for reporting EPS for different types of companies.

upvoted 0 times

...

Stefany

4 months ago

I practiced a similar question last week, and I remember that EPS is usually reported at the bottom of the income statement.

upvoted 0 times

...

Kenneth

5 months ago

I think earnings per share should definitely be on the income statement, but I can't remember if it's just for common stock or both common and preferred.

upvoted 0 times

...