The Number of Shares Used in the Calculation of Earnings

question 43

Multiple Choice

The number of shares used in the calculation of earnings per share is:

• A) the number of ordinary and preference shares adjusted by a time-weighting factor which is the number of days in the reporting period that the shares are outstanding as a proportion of the total number of days in the period
• B) the number of preference shares adjusted by a time-weighting factor which is the number of days in the reporting period that the shares are outstanding as a proportion of the total number of days in the period
• C) the average of the number of ordinary shares outstanding at the beginning and end of the reporting period
• D) the number of ordinary shares adjusted by a time-weighting factor which is the number of days in the reporting period that the shares are outstanding as a proportion of the total number of days in the period

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Definitions:

Material Culture

The physical objects, resources, and spaces that people use to define their culture, including homes, places of worship, and items of daily use.

Cultural Norms

Established standards of behavior or beliefs that are accepted and expected within a specific culture or society.

Culture

A complex collection of values, beliefs, behaviours, and material objects shared by a group and passed on from one generation to the next.

Conflict Theorist

An advocate or practitioner of conflict theory, focusing on the study of power differences, inequality, and social change through conflict.