If the Entity Has a Discontinued Operation, Then It Must

question 45

Multiple Choice

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

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

Flash Drive

A portable storage device that uses flash memory and can be connected to a computer through a USB port.

Executable File

A type of computer file that, when opened, instructs the operating system to perform specific actions or run a program.

Nonvolatile

Referring to a type of computer memory that retains data even when the power is turned off.

ROM

Read-Only Memory, a type of non-volatile storage that is used to store firmware or software that is rarely changed or updated.