Wilson's Corporation is one of your new audit clients. The corporation's accountant is uncertain how to report earnings per share in accordance with IFRS and is requesting that you provide the following information:   Define the term 'earnings per share' as it applies to a corporation with a capitalization structure composed of only one class of ordinary shares. Explain how earnings per share should be computed and how the information should be disclosed in the corporation's financial statements.

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Q: Wilson's Corporation is one of your new audit clients. The corporation's accountant is incertain how…

A: Earnings per share: Earnings per share is a profit earned per share from an organization earnings.…