Which of the following earnings per share figures must be disclosed on the face of the income statement?
a. 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.
Answer: d. EPS for income from continuing operations.
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What is the gray market?
A) sales targeted to elderly consumers B) selling goods through unofficial distributors C) a legal black market run by governments D) selling counterfeit merchandise
To avoid the cost and uncertainty of moving information across national boundaries, most multinational firms
A) maintain a master database at their head offices. B) develop a master system that meets the standards of all the countries concerned. C) use microwave satellite transmission to move data. D) develop separate systems within each country. E) use a cloud-based service.