C. An entity that chooses to disclose earnings per share based on its separate financial statements shall present such earnings per share information only in its statement of comprehensive income.

According to the relevant accounting standards, an entity has the discretion to choose whether to present earnings per share (EPS) in its separate financial statements. If an entity decides to disclose EPS based on its separate financial statements, it is not required to do so in the consolidated financial statements. However, it is important to note that the presentation of EPS in separate financial statements is not a substitute for the consolidated financial statements, and vice versa. The choice to present EPS in the separate financial statements does not affect the presentation in the consolidated financial statements, which are typically the basis for calculating EPS according to the relevant accounting principles.