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WorksheetsEarnings Per Share
Total questions: 10
Worksheet time: 5mins
Earnings per share is calculated before accounting for which of the following items?
Non-controlling interest
Preference Share Dividends
Ordinary Share Dividends
Taxation
EPS disclosures are
required for all entities
encouraged for all entities
encouraged for public entities and are required for nonpublic entities
required for public entities and encouraged for non-public entities
If an entity presents items of profit or loss in a separate statement of profit or loss, it presents earnings per share
Only in the statement of profit or loss and other comprehensive income
Only in the statement of profit or loss
Only in the statement of changes in equity
Only in the notes to financial statements
EPS should always be shown separately for
profit and gross profit
profit and pretax income
profit from continuing operations
discontinued operations and prior period adjustments
In determining earnings per share, interest expense, net of applicable income taxes, on convertible debt which is dilutive should be
ignored for diluted earnings per share
added back to profit for diluted earnings per share
deducted from the profit for diluted earnings per share
none of these
At what point are dilutive potential shares deemed to have been converted into ordinary shares?
at the start of the period
at the end of the period
the date of the issue of the dilutive shares
at the start of the period, or if later, the date of the issue of the potential shares
Potential ordinary shares do not include
share warrants and options
Debt or equity instruments that are convertible into ordinary shares
shares which would be issued upon the satisfaction of certain conditions resulting from contractual arrangements
redeemable preference shares
The weighted average number of shares outstanding during the period and for all the periods presented (other than the conversion of potential ordinary shares) shall be adjusted for
any change in the number of ordinary shares without a change in resources
any prior year adjustment
any new issue of shares for cash
any convertible instruments settled in cash
If a new issue of shares for cash is made between the year-end and the date that the financial statements are authorized, then
EPS for both the current and the previous year are adjusted
EPS for the current year only is adjusted
No adjustment is made to EPS
Only the diluted EPS is adjusted
In determining whether potential ordinary shares are dilutive or antidilutive, the profit figure used as the "control number" is
profit after taxation (including discontinued operations)
Profit from continuing operations
Profit before tax (including discontinued operations)
Retained profit for the year after dividends.
