Final answer:
A company is not required to report a per share amount for a prior period adjustment; only continuing operations, net income, and discontinued operations must have reported EPS figures on the income statement.
Step-by-step explanation:
Earnings per share (EPS) is calculated as a company's profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company's profitability. It is common for a company to report EPS that is adjusted for extraordinary items and potential share dilution.
A company is NOT required to report a per share amount on the face of the income statement for a prior period adjustment. Companies must disclose earnings per share (EPS) figures for continuing operations, net income, and, if applicable, discontinued operations. However, prior period adjustments are typically reflected in the statement of retained earnings and are not included in the computations of EPS because they relate to corrections of errors in previously issued financial statements.