Which of the following earnings ner share figures must be disclosed on the face of the income statement? 3. EPS for income before taxes. b. The effect on EPS from unusual items. c. EPS for gross profit. d. EPS for income from continuing operations. 12. Which of the following items will not appear in the retained earnings statement? a. Net loss b. Prior period adjustment c. Discontinued operations d. Dividends 13. Which of the following statements best describes the purpose of closing entries? a. To facilitate posting and taking a trial balance. b. To determine the amount of net income or net loss for the following period. c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period. d. To complete the record of various transactions that were started in a prior period. 14. Which of the following account should not appear in post closing trail balance? Uneamed rent revenue b. Dividend Prepaid Insurance d. Retained Earnings e. None of the above 15. Which of the following will be of interest to investors in decision-making? a. Assessing the company's ability to generate net cash inflows. b. Assessing management's ability to protect and enhance the capital providers' investments. c. Both assessing the company's ability to generate net cash inflows and assessing management's ability to protect and enhance the capital provider's investments, d. Assessing the company's ability to collect debts. 16. Which of the following accounts should be closed at the end of the period? Accounts receivable b. Prepaid Insurance Unearned rent Revenue Interest expense e. None of the above