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WorksheetsAccounting Standards
Total questions: 10
Worksheet time: 5mins
In computing earnings per share, which number of outstanding ordinary shares should an entity use as the denominator?
simple average
weighted average
It is the amount by which the carrying amount of an asset or a cash-generating unit exceeds its recoverable amount.
Impairment
Revaluation
It is the present value of future cash flows expected to be derived from an asset or cash- generating unit.
Value-in-use
Recoverable amount
It is a liability of uncertain timing or amount.
Provision
Contingent liability
It is a possible obligation that arises from past events, and whose existence will be confirmed only by the occurrence and non-occurrence of one or more uncertain future events, not wholly within the control of the entity.
Provision
Contingent liability
It is a financial instrument or other contracts that may entitle its holder to ordinary shares.
Potential ordinary share
Ordinary share
It is a financial reporting period shorter than a full financial year
Fiscal period
Interim period
It is an equity instrument that is subordinate to all other classes of equity instrument
Preference share
Ordinary share
It is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or group of assets.
Cash-generating unit
Qualifying asset
These are assets other than goodwill that contribute to the future cash flows of both the cash generating unit under review and other cash-generating units
Corporate assets
Qualifying assets
