Question: True or False 1. A detailed shareholders' equity section in the balance sheet will list the names of individuals who are eligible to receive dividends

True or False

1. A detailed shareholders' equity section in the balance sheet will list the names of individuals who are eligible to receive dividends on the date of record.

2. An event or transaction should be classified as an extraordinary item if it is unusual in nature or if it occurs infrequently.

3. The price-earnings ratio is the best method for comparing earnings across companies.

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