Final answer:
Earnings per share is reported for various income items such as net income, discontinued operations, and extraordinary items.
Step-by-step explanation:
Earnings per share is a financial metric that measures the amount of profit allocated to each outstanding share of a company's common stock. It is reported for various income items, such as net income, discontinued operations, extraordinary items, and changes in accounting principles.
For example, suppose a company has a net income of $1 million and has 1 million shares outstanding. In this case, the earnings per share would be $1 ($1 million divided by 1 million shares).
Other income items, such as income from continuing operations and noncontrolling interest, may also be reported on a per-share basis to provide a more comprehensive view of a company's financial performance.