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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281

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BuyFindarrow_forward

Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281
Textbook Problem
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What is earnings per shore? Where is earnings per shore disclosed in a company’s financial statements?

To determine

Explain earnings per share and the place it is disclosed in a company’s financial statements.

Explanation

Earnings per share:

Earnings per share represent the amount of income earned per share of outstanding common stock in a period. This ratio is used for analyzing the profitability of company’s stockholders.

The following formula can be used to calculate basic earnings per share:

Earnings per share

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