The diluted EPS computation considers all of the following except the impact of convertible securities. share warrants. share options. antidilutive securities. urrent Attempt in Progress In calculating diluted earnings per share, dividends on non-convertible cumulative preferred shares should be deducted from net income whether declared or not. deducted from net income only if declared. added back to net income whether declared or not. ignored. Current Attempt in Progress Antidilutive securities should be included in the calculation of diluted earnings per share but not basic earnings per share. should be ignored in all earnings per share calculations. are those whose inclusion in earnings per share calculations would cause basic earnings per share to exceed diluted earnings per share. Current Attempt in Progress Antidilutive securities are those whose inclusion in earnings per share calculations would increase or sometimes decrease earnings per share. have no effect on earnings per share. decrease earnings per share. increase earnings per share. When the plan assets of a pension plan are greater than the defined benefit obligation, the pension plan is underfunded. understated. overfunded. overstated. When a pension plan is underfunded it has more liabilities than assets. it has more assets than liabilities. it has lower net income. it has higher net income. Under IFRS, a net defined benefit asset is reported when the vested benefits exceed the fair value of pension plan assets. the defined benefit obligation exceeds the fair value of pension plan assets. the pension expense for the period is the same as the contributions made to the pension plan for the same period. the fair value of pension plan assets exceeds the defined benefit obligation. In Canada, employer-sponsored pension plans are increasingly defined contribution. decreasingly defined contribution. increasingly defined benefit. staying relatively the same. ompared to ASPE, IFRS standards include all of the following except: Actuarial gains and losses are reported in net income. There is no reference to past service costs on defined contribution plans. Standards are broader. The current rate for the discount rate can only be the current yield on high-quality debt instruments. Jnder a defined contribution benefit plan, the employer's expense in a given year is dictated by the amount of funds that have been contributed in the year. the amount of funds that must be contributed in the year. the amount of funds that will be required in the future. the amount of funds that will be paid in the future based on current services. The relationship between the amount funded and the amount reported for pension expense is that pension expense will be less than the amount funded. pension expense may be greater than, equal to, or less than the amount funded. pension expense will be more than the amount funded. pension expense must always equal the amount funded. Under IFRS, the defined benefit obligation is adjusted to its most recent actuarial valuation, and the adjustment flows through either other comprehensive income or net income. net income. retained earnings. other comprehensive income. For ASPE and IFRS, the past service costs are recognized immediately in expense. restated in the year they are applicable to. deferred and amortized over the life of the pension. not included in expenses