Under the Provisions of Australian Accounting Standard AASB 133,a Basic

question 7

Multiple Choice

Under the provisions of Australian Accounting Standard AASB 133,a basic earnings per share is calculated as:

• A) profit or loss including extraordinary items and after income tax expense ÷ weighted average number of ordinary shares outstanding during the reporting period
• B) profit or loss excluding extraordinary items and before income tax expense ÷ weighted average number of ordinary shares outstanding during the reporting period
• C) profit or loss including extraordinary items but before income tax expense ÷ weighted average number of ordinary shares outstanding during the reporting period
• D) profit or loss before income tax expense ÷ weighted average number of ordinary shares outstanding during the reporting period

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Definitions:

Excessive

Amounts or actions that go beyond what is normal, necessary, or reasonable, often leading to negative outcomes.

Important Things

Generally refers to items or aspects that hold significant value or priority in a given context.

Specific Phobias

Intense, irrational fears of specific objects or situations, significantly impacting one's ability to function.

Acrophobia

Fear of high places.