AICPA Exam CPA-Financial Topic 1 Question 111 Discussion

Actual exam question for AICPA's CPA-Financial exam

Question #: 111
Topic #: 1

[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 Gregoria at May 05, 2025, 08:10 PM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Brett

16 hours ago

Haha, this question is a piece of cake! Obviously, the answer is Option A. Earnings per share is like the superhero of the income statement - it needs to be front and center.

upvoted 0 times

...

Yaeko

3 days ago

I agree with Myrtie, Option B makes more sense as it helps investors make informed decisions.

upvoted 0 times

...

Myrtie

8 days ago

I disagree, I believe it should be reported for Option B because it provides a clearer picture of profitability.

upvoted 0 times

...

Marcos

15 days ago

This is a no-brainer! Option D is the way to go. Earnings per share data is the lifeblood of the income statement, and it needs to be prominently featured.

upvoted 0 times

...

Victor

20 days ago

Option C seems like the best choice here. Earnings per share is a crucial piece of information that should be clearly displayed on the income statement.

upvoted 0 times

...

Ciara

21 days ago

I think the correct answer is Option B. Earnings per share is a key metric that should be reported on the income statement, as it provides valuable information to investors and stakeholders.

upvoted 0 times

...

Cristy

30 days ago

I think earnings per share data should be reported on the income statement for Option A.

upvoted 0 times

...