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EPS (earnings per share) is not required to be reported in the income statement but is optional. a. True b. False 2. Companies report earnings

  1. EPS (earnings per share) is not required to be reported in the income statement but is optional.

a. True

b. False

2. Companies report earnings per share for preferred stock, too.

a. true

b. False

3. Leases similar to installment purchases are capitalized.

  1. True
  2. False

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