In Order to Determine Whether or Not Potential Ordinary Shares

question 12

Multiple Choice

In order to determine whether or not potential ordinary shares are dilutive,IAS 33 requires:

• A)each issue to be considered separately and ranked from greatest dilution to least dilution.
• B)each issue to be included in the calculation on the basis of date of issue, i.e.earliest to the latest issue.
• C)each issue to be considered separately and included in the calculation in the order of the number of ordinary shares to be potentially issued, from highest to lowest.
• D)each issue to be considered separately the number of ordinary shares on issue, from highest to lowest.

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Definitions:

Catholic Reformation

A period of Catholic revival beginning in the late 16th century, in response to the Protestant Reformation, aiming to reform and renew the Roman Catholic Church.

Capuchins

An order of friars within the Catholic Church, known for their missionary work and simple lifestyle, identifiable by their distinct brown robes with large hoods.

Ursulines

A Roman Catholic religious order founded at Brescia, Italy, by St. Angela Merici in 1535, primarily focused on the education of young girls.

Council of Trent

A series of Catholic Church councils held between 1545 and 1563 in response to the Protestant Reformation, leading to significant church reforms.