Question

Companies report earnings per share for all of the following except:   Select one: a. net income...

Companies report earnings per share for all of the following except:  

Select one:

a. net income

b. discontinued operations

c. continuing operations

d. operating income

Homework Answers

Answer #1

Answer:

d. operating income

Explanation:

Earnings per share is calculated by dividing the company's profit by the outstanding shares of common stock. It is the indicator of the profitability of the firm. If the EPS is higher, then it means the company has higher profit relative to the share price. EPS is calculated on net income, discontinued operations and continuing operations.

The EPS is not reported for operating income. Operating income is the income deducting after operating expenses,  and is shows the profit generated from its operations alone without considering the interest or tax expenses.  So as it isn the final reporting amount, it can't be considered for EPS and for investment decisions.

So the option (d) operating income is the correct option as Companies report earnings per share for all of the following except operating income.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The earnings per share computation is not required for The earnings per share computation is not...
The earnings per share computation is not required for The earnings per share computation is not required for a. Gain on disposal of discontinued operation, net of tax b net Net income Income c from continuing operations d. Income from operations.
Stock buybacks will have positive effects on all except which of the following? Select one: a....
Stock buybacks will have positive effects on all except which of the following? Select one: a. Return on Assets b. Earnings per Share c. Cash Flow from Operations d. Free cash flow per share
Companies disclose their earnings per share in addition to their net income. Explain the usefulness of...
Companies disclose their earnings per share in addition to their net income. Explain the usefulness of disclosures per share.
The 2020 income statement of Crane Corporation showed net income of $1,291,050, which included a loss...
The 2020 income statement of Crane Corporation showed net income of $1,291,050, which included a loss from discontinued operations of $111,150. Crane had 57,000 common shares outstanding all year. (a) QUESTION: Calculate earnings per share (EPS) for 2020 as it should be reported to shareholders. Earnings per share Income from continuing operations $ Loss from discontinued operations, net of tax $ Net income $
Problem 1- Earnings Per Share: Refer to the following data for Mansion Movers, LLC. as of...
Problem 1- Earnings Per Share: Refer to the following data for Mansion Movers, LLC. as of 12/31/2019             Loss from lawsuit (unusual & infrequent)                                               $(17,500)             Loss from continuing operations                                                                           $(38,940)             Income from discontinued operations                                                         $24,000             Preferred Stock Dividend                                                                          ($6,200)             WACSO                                                                                                        10,000 Instructions: Prepare an abbreviated income statement and calculate EPS
5.Operating budgets consist of all except: Select one: a. sales budget b. pro forma income sheet...
5.Operating budgets consist of all except: Select one: a. sales budget b. pro forma income sheet c. production budget d. direct materials budget e. direct labor budget 6-Major steps in preparing the budget include all except: Select one: a. break-down of marginal revenue and expenses b. prepare a sales forecast c. determine expected production volume d. estimate manufacturing costs and operating expenses e. determine cash flow and other financial effects 7-Cash budget consists typically of all the following except: Select...
Zeus Company reports the following for the current year: Income from continuing operations before income tax...
Zeus Company reports the following for the current year: Income from continuing operations before income tax $500,000 Loss from discontinued operations $90,000* Weighted average number of common shares outstanding 40,000 Applicable tax rate 40% *Net of any tax effect Required: 1. Prepare a partial income statement for Zeus Company beginning with income from continuing operations before income tax. Zeus Inc. Partial Income Statement For the Year Ended December 31 $ $ $ 2. Calculate the earnings per common share for...
The following information is available for Stone Corporation:   Net income $8,726,000 Basic earnings per share of...
The following information is available for Stone Corporation:   Net income $8,726,000 Basic earnings per share of common stock $ 2.45 Diluted earnings per share of common stock $ 2.39 Market price per share of common stock $42.00 Dividends per common share $0.65 What is the dividend payout ratio on common stock? a. 1.5% b. 17.6% c. 17.1 d. 17.6 e. 27.2%
Use Income statement shown below and calculate : Current Market cap, PE ratio, Earnings per share,...
Use Income statement shown below and calculate : Current Market cap, PE ratio, Earnings per share, Dividend yield ,PEG ratio and PEGY ratio Total Revenue 25,878,372   Cost of Revenue 18,521,400   Gross Profit 7,356,972   Operating Expenses Research Development - Selling General and Administrative 4,250,446   Non Recurring - Others - Total Operating Expenses - Operating Income or Loss 3,106,526   Income from Continuing Operations Total Other Income/Expenses Net - Earnings Before Interest And Taxes 3,106,526   Interest Expense 29,175   Income Before Tax 3,077,351   Income...
1. Comprehensive income differs from net income in that it includes events that are recognized but...
1. Comprehensive income differs from net income in that it includes events that are recognized but not realized. Select one: True False 2. Which of the items listed below would appear closest to the bottom of the income statement? A. Unusual and infrequent non-recurring items B. Prior period adjustment C. Income from continuing operations D. Discontinued operations