AASB 133 Requires an Entity to Disclose Basic Earnings Per

question 8

True/False

AASB 133 requires an entity to disclose basic earnings per share for discontinued operations on the face of the income statement:

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Definitions:

Collections

The process of pursuing and receiving payments owed to a business from its customers or debtors.

Postage Stamps

Adhesive paper evidence for payment of postage, used to indicate that the postage fee for sending an item through the postal service has been paid.

Accountant

A professional who manages, audits, and analyzes financial records and transactions for individuals, businesses, and organizations.

Ledger

A-book or digital record that summarizes and categorizes all financial transactions of a business during an accounting period.