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

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Shantell

17 days ago

I agree, clarity is key in financial statements.

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Helaine

22 days ago

Option C could be misleading, though.

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Arleen

27 days ago

I feel like Option A is more accurate.

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Lawanda

2 months ago

I lean towards Option B. It makes sense.

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Jaclyn

2 months ago

Definitely! Earnings per share matter.

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Shanice

2 months ago

I think it's crucial for transparency.

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Cherrie

2 months ago

It's definitely required for public companies.

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Billy

2 months ago

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

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Hoa

2 months ago

Wait, are we sure it's always there?

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Micheline

3 months ago

Totally agree, it's a key metric!

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Eloisa

3 months ago

Earnings per share is usually on the income statement.

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Selma

3 months ago

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

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Lai

3 months ago

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

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Jamal

3 months ago

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

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Jeannetta

3 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.

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Xenia

4 months ago

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

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Shaunna

4 months ago

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

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Johnna

5 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.

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Kathryn

5 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.

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Sophia

5 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.

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Fernanda

5 months ago

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

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Miss

11 days ago

Let’s review the definitions before we decide.

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Yolando

4 months ago

Definitely! It helps investors make informed decisions.

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Rocco

4 months ago

I believe it's crucial for transparency.

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Tawna

4 months ago

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

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Margarett

5 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.

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Louis

6 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.

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Stefany

6 months ago

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

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Kenneth

6 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.

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