EPS disclosures are required for*

a. Entities whose ordinary shares and potential ordinary shares are publicly traded.

b. Entities that are in the process of issuing ordinary shares in the public market.

c. All entities.

d. Entities whose ordinary shares and potential ordinary shares are publicly traded and entities that are in the process of issuing ordinary shares in public market.

. EPS disclosures are*

a. Required for all public and nonpublic entities

b. Required for public entities and encouraged for nonpublic entities

c. Encouraged for public entities and required for nonpublic entities

d. Encouraged for all entities

When an entity issues both consolidated and separate financial statements, the EPS information is required*

a. For both sets of financial statements

b. In neither set of financial statements

c. Only for consolidated financial statements

d. Only for separate financial statements

Undeclared preference dividends are deducted from net income in the EPS computation for which preference shares?*

a. Noncumulative

b. Cumulative

c. Neither cumulative nor noncumulative

d. Both cumulative and noncumulative

An entity that reports a discontinued operation shall present basic and diluted earnings per share for the discontinued operation*

a. Only on the face of the income statement

b. Only in the notes to financial statements

c. Either on the face of the income statement or in the notes to financial statements

d. Only if management chooses to do so