Question
68 Which of the following is classified as an equity instrument rather than a financial liability? a) a financial liability c) a or b b)
68 Which of the following is classified as an equity instrument rather than a financial liability? | |||||
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| a) | a financial liability | c) | a or b |
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| b) | an equity instrument | d) | neither a nor b |
PAS #33- Earnings Per Share | |||||
69 | PAS 33 is intended to apply to which of the following? |
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| a) | Financial institutions | c) | Publicly-listed entities |
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| b) | Non-publicly listed entities | d) | All entities using PFRSs |
Which of the following does not result to a retrospective adjustment of prior-period EPS information? | |||
a) | share dividends | c) | issuance of shares for cash |
b) | share split | d) | issuance of stock rights |
71 Entity is computing for its basic EPS, and has gathered the following information | |||
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| Loss for the year = (P800,000) |
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| Preferred dividends = P50,000 |
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| Outstanding ordinary shares = 100,000 |
What is the basic earnings per share (EPS)? | |||
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| a) | -7.5 c) -8.5 |
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| b) | 7.5 d) 8.5 |
PAS #34- Interim Financial Reporting | |||
72 | Which of the following is correct regarding the provisions of PAS 34? | ||
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| a) | All entities should publish quarterly interim reports |
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| b) | All publicly-listed entities should publish quarterly interim reports. |
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| c) | All publicly-listed entities should publish semi-annual interim reports. |
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| d)
| PAS 34 does not require any entity to publish interim reports, and how often. |
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