The senior accountant for Carlton Co., a public company with a complex capital structure, has just finished preparing Carltons income statement for the current fiscal year. While reviewing the income statement, Carltons finance director noticed that the earnings-per-share data has been omitted. What changes will have to be made to Carltons income statement as a result of the omission of the earnings-per-share data?

Answer rating: 100% (QA)

To address the omission of earningspershare EPS data on Carlton Cos income statement the following changes will need to be made 1 Calculation of Earni... View the full answer