If the Entity Has a Discontinued Operation, Then It Must

question 16

Multiple Choice

If the entity has a discontinued operation, then it must also calculate and disclose the:

• A) basic earnings per share ratio only for the discontinued operation in the statement of profit or loss and other comprehensive income.
• B) diluted earnings per share ratio only for the discontinued operation in the statement of profit or loss and other comprehensive income.
• C) basic and diluted earnings per share ratios for the discontinued operation in the statement of profit or loss and other comprehensive income.
• D) basic and diluted earnings per share ratios for the discontinued operation in the statement of profit or loss and other comprehensive income only if the discontinued operation contributed a profit in the current reporting period.

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Definitions:

Alpine

Pertaining to high mountains, above the tree line, characterized by cold climate and adapted vegetation.

Arctic

A cold, polar region located at the northernmost part of Earth, characterized by extreme conditions and a unique ecosystem of both terrestrial and marine species.

Virtual Focus Groups

A qualitative research method conducted online, allowing participants to discuss and provide feedback on a subject matter.

Computer Assisted Telephone Interviewing (CATI)

A method of conducting surveys where an interviewer uses a computer system to guide the process and record responses.