Bryant Corporation is a small public company trading on the TSX. Bryant Corporation has issued both common and preferred shares. During 20X3 the company paid cash dividends on its preferred shares. It also declared and paid a 10% stock dividend on common shares during the year. A third of the way through 20X3, Bryant Corporation issued additional common shares.

Required:
Consider the information provided about Bryant Corporation and discuss the following:
1. Does Bryant Corporation have a simple or complex capital structure?
2. Is Bryant Corporation required to report both basic and diluted EPS?
3. If Bryant Corporation has income from discontinued operations in 20X3, how does this impact EPS disclosure requirements?
4. In addition to disclosure on the face of the SCI, is Bryant Corporation required to disclose anything else?
5. How useful is the EPS disclosure for Bryant Corporation’s users?

6. Would anything about any of your previous answers be different if Bryant Corporation reported under ASPE instead of IFRS?
7. What would be the EPS reporting requirements if Bryant Corporation were a private company that had voluntarily elected to report under IFRS?