17. Which statement is incorrect regarding presentation of basic and diluted EPS? a. Earnings per share is presented for every period for which statement of comprehensive income is presented. b. If diluted earnings per share is reported for at least one period, it shall be reported for all periods presented, even if it equais basic earnings per share. C. If basic and diluted earnings per share are equal, dual presentation can be accomplished in one line in the statement or comprehensive income. d. Basic and diluted EPS need not be presented if the amounts are negative. 18. If an entity presents items of profit or loss in a separate statement of profit or loss, it presents earnings per share a. Only in the statement of profit or loss. b. Only in the statement of profit or loss and other comprehensive income. c. Only in the statement of changes in equity. d. Only in the notes to the financial statements. 19. When an entity issues both consolidated and separate financial statements, the EPS information disclosed under PAS 33 is required a. For both sets of financial statements. b. In neither set of statements. C. Only for the consolidated information. d. Only for the separate financial statements. 20. EPS should always be shown separately for a. Profit and gross profit. b. Profit and pretax income. c. Profit from continuing operations. d. Discontinued operations and prior period adjustments.
17. Which statement is incorrect regarding presentation of basic and diluted EPS? a. Earnings per share is presented for every period for which statement of comprehensive income is presented. b. If diluted earnings per share is reported for at least one period, it shall be reported for all periods presented, even if it equais basic earnings per share. C. If basic and diluted earnings per share are equal, dual presentation can be accomplished in one line in the statement or comprehensive income. d. Basic and diluted EPS need not be presented if the amounts are negative. 18. If an entity presents items of profit or loss in a separate statement of profit or loss, it presents earnings per share a. Only in the statement of profit or loss. b. Only in the statement of profit or loss and other comprehensive income. c. Only in the statement of changes in equity. d. Only in the notes to the financial statements. 19. When an entity issues both consolidated and separate financial statements, the EPS information disclosed under PAS 33 is required a. For both sets of financial statements. b. In neither set of statements. C. Only for the consolidated information. d. Only for the separate financial statements. 20. EPS should always be shown separately for a. Profit and gross profit. b. Profit and pretax income. c. Profit from continuing operations. d. Discontinued operations and prior period adjustments.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:17. Which statement is incorrect regarding presentation of basic and
diluted EPS?
a. Earnings per share is presented for every period for which a
statement of comprehensive income is presented.
b. Ir dnuted earnings per share is reported for at least one period,
it shall be reported for all periods presented, even if it equals
basic earnings per share.
C. If basic and diluted earnings per share are equal, dual
presentation can be accomplished in one line in the statement of
comprehensive income.
d. Basic and diluted EPS need not be presented if the amounts are
negative.
18. If an entity presents items of profit or loss in a separate statement
of profit or loss, it presents earnings per share
a. Only in the statement of profit or loss.
b. Only in the statement of profit or loss and other comprehensive
income.
c. Only in the statement of changes in equity.
d. Only in the notes to the financial statements.
19. When an entity issues both consolidated and separate financial
statements, the EPS information disclosed under PAS 33 is required
a. For both sets of financial statements.
b. In neither set of statements.
C. Only for the consolidated information.
d. Only for the separate financial statements.
20. EPS should always be shown separately for
a. Profit and gross profit.
b. Profit and pretax income.
Profit from continuing operations.
d. Discontinued operations and prior period adjustments.
С.
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