10. Which of the following statements is incorrect in relation to presentation of earnings per share?I. An entity shall present on the face of the income statement basic and diluted earnings per share for income fromcontinuing operations.II. An entity that reports a discontinued operation is not required to disclose the basic and diluted earnings per sharefor the discontinued operation either on the face of the income statement or in the notes.a. I onlyb. II onlyc. Both I and IId. Neither I nor II11. It is a financial instrument that gives the holder the right to purchase ordinary sharesa. Warrant or optionb. Debt or equity instrument convertible into ordinary sharec. Employee plat that allows employees to receive ordinary shares as part of their remunerationd. Contractual arrangement requiring issuance of ordinary shares upon the satisfaction of certain conditions12. Potential ordinary shares include all of the following excepta. Financial liabilities or equity instrument, including preference shares, that are not convertible into ordinary sharesb. Share warrantsc. Share options or employee plans that allow employees to receive ordinary shares as part of their remunerationd. Shares which would be issued upon the satisfaction of certain conditions resulting from contractual arrangements,such as purchase of a business

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10. Which of the following statements is incorrect in relation to presentation of earnings per share? I. An entity shall present on the face of the income statement basic and diluted earnings per share for income from continuing operations. II. An entity that reports a discontinued operation is not required to disclose the basic and diluted earnings per share for the discontinued operation either on the face of the income statement or in the notes. a. I only b. Il only c. Both I and II d. Neither I nor II

10. Which of the following statements is incorrect in relation to presentation of earnings per share? I. An entity shall present on the face of the income statement basic and diluted earnings per share for income from continuing operations. II. An entity that reports a discontinued operation is not required to disclose the basic and diluted earnings per share for the discontinued operation either on the face of the income statement or in the notes. a. I only b. Il only c. Both I and II d. Neither I nor II

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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