CAF-6 · Chapter 11 · Question 11 of 15
Where must an entity present its basic and diluted earnings per share?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) On the face of the statement of comprehensive income.
Explanation
IAS 33 requires entities whose ordinary shares are publicly traded to present basic and diluted EPS prominently on the face of the statement of comprehensive income.
More IAS 33 Earnings per share MCQs
- Q13When calculating diluted EPS, share options are assumed to be exercised:
- Q14What is the primary objective of IAS 33 Earnings Per Share?
- Q15Zeta Ltd reported a profit of Rs. 1,850,000 and has 1,000,000 basic shares. It also has convertible options that would add Rs. 84,000 to…
- Q1Under IAS 33, how is basic earnings per share (EPS) calculated?
- Q2How is the 'incremental earnings' calculated for a convertible bond when determining diluted EPS?