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Basic Question 9 of 11

Basic earnings per share can be found in a(n) ______.

A. balance sheet
B. income statement
C. cash flow statement
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User Contributed Comments 3

User Comment
Emily1119 Why the answer is not A?
Earning per share is in in balance sheet in Audited report
vatsal92 @emily1119 Balance Sheet consists of Liabilities, assets and St. Equity.. Whereas earnings per share is solely based on income/earnings which is obtained from income statement.

And the EPS in audited reports is calculated from income statement itself and then shown in BS.
Fpenae EPS= Net income/nº of shares.
Net income appears in the Income Statement.
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Learning Outcome Statements

evaluate a company's financial performance using common-size income statements and financial ratios based on the income statement

CFA® 2025 Level I Curriculum, Volume 2, Module 2.