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

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Stevie

10 days ago

I'm going with Option B. Earnings per share is the financial equivalent of a mic drop on the income statement.

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Hillary

3 days ago

User 1: I think Option B is the right choice.

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Brett

17 days 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.

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Javier

9 days ago

User 1: I agree, Option A is the way to go.

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Yaeko

19 days ago

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

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Myrtie

24 days ago

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

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Marcos

1 months 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.

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Cortney

5 days ago

Option D all the way, it's a no-brainer.

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Devon

9 days ago

Absolutely, earnings per share data is crucial for the income statement.

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Domitila

10 days ago

I agree, Option D is definitely the correct choice.

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Victor

1 months 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.

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Ciara

1 months 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.

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Cecil

2 days ago

I think it's Option A. Earnings per share data should definitely be on the income statement.

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Belen

4 days ago

I agree, Option B is the correct answer. Earnings per share is important for investors.

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Cristy

2 months ago

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

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