In connection with IAS 33 Earnings per Share: (a) Define the profit used to calculate basic and

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In connection with IAS 33 Earnings per Share:

(a) Define the profit used to calculate basic and diluted EPS.

(b) Explain the relationship between EPS and the price/earnings (PE) ratio. Why may the PE ratio be considered important as a stock market indicator?

(appendix)

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Financial Accounting And Reporting

ISBN: 9780273778172

16th Edition

Authors: Mr Barry Elliott, Jamie Elliott

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