as TRUE - FALSE 7) Under both IFRS and US GAAP, the income statement reports separately the effect of the disposal of a component operation as a "discontinued" operation. 8) If a company has a simple capital structure (i.e., one with no potentially dilutive securities), then its basic EPS is equal to its diluted EPS. If, however, a company has dilutive securities, its diluted EPS is lower than its basic EPS. 9) Assets not expected to be sold or used up within one year or one operating cycle of the business, whichever is greater, are classified as A) Illiquid Assets B) Real Assets C) Working Capital Assets D) Non-Current Assets 10) Credit Analysts tend to derive most information in their analysis from the Statement of Consolidated Equity 11) Equity Analysts tend to derive most information in their analysis from the Income Statement 12) For financial assets classified as trading securities, unrealized gains and losses are reflected in shareholders' equity through income into retained earnings. 13) Minority interest in consolidated subsidiaries is presented on the balance sheet in the shareholders' equity section. 14) Changes on the Balance Sheet from Quarter to Quarter (i.e. New Debt issued) will impact the market value of the company's outstanding bonds 15) Changes on the Income Statement from Quarter to Quarter (i.e. New Debt issued) will impact the market value of the company's market value of the stock