Under IFRS, complex capital structures and dual presentation of earnings require all of the following additional disclosures exceptadjustments to income before discontinued operations.securities that could dilute basic EPS in the future but were not included in the calculations due to antidilutive features.a reconciliation of the numerators and denominators of basic and diluted per share calculations for income before discontinued operations.adjustments to income before discontinued operations, and unusual Items.Why does ASPE not require EPS disclosure?A private company usually has few shareholders.The cost of doing the calculation is not worth the benefit.A private company's common shareholders are usually internal stakeholders anyway.All of these choices are correct.Antidilutive securities are those whose inclusion in earnings per share calculations wouldincrease earnings per share.increase or sometimes decrease earnings per share.have no effect on earnings per share.decrease earnings per share.EPS is normallynot a requirement under ASPE.on the income statement of privately held and publicly traded corporations.in the notes to the financial statements.provided at the discretion of management.Major challenges for standard setters calculatingEPS includes all of the following, exceptredeveloping standards under ASPE.dilutive securities$.$treatment of conversion features.complex financial instruments.Diluted EPS is only required whenthere is a complex capital structure.a company uses ASPE.a company has discontinued operations.basic EPS can't be calculated.In calculating income available to common shareholders, all of the following items are considered exceptoperating expenses.cumulative dividends that have been. declared.cumulative dividends that have not been. declared.non$-$cumulative dividends that have not been declared.Dilutive convertible securities must be used in the calculation ofdiluted earnings per share only.diluted and basic earnings per share.silly question: such securities are never included.basic earnings per share only.The main difference between IFRS and ASPE as it relates to EPS calculations isdiluted EPS applies only to IFRS, both use basic EPS.only companies with complex financial structures must calculate EPS under IFRS.there is no difference.there are no prescribed standards underASPE.In calculating basic earnings per share, if the preferred shares are cumulative, the amount that should be deducted as an adjustment to the numerator is thepreferred dividends in arrears.annual preferred dividend.annual preferred dividend times $($one minus the income tax rate$).$preferred dividends in arrears times $($one minus the income tax rate$).$A complex capital structure is one that has which of the following types of equity instruments?Convertible preferred shares.Contingently issuable shares.Options$/$warrants$.$All of these options.When calculating the weighted average number of shares outstanding for the year,restatement of the weighted average number of shares outstanding is required before the stock dividend or split.restatement of the weighted average number of shares is required for stock splits only.restatement of the weighted average number of shares is required after the stock dividend or split.restatement of the weighted average number of shares is required for stock dividends only.Complex capital structures and dual presentation of earnings require all of the following additional disclosures excepta reconciliation of the numerators and denominators of basic and diluted per share calculations for income before discontinued operations.securities that could dilute basic EPS in the future but were not included in the calculations due to antidilutive features.the amounts used in the numerator and denominator in calculating basic and diluted EPS.adjustments to income before discontinued operations.With respect to the calculation of earnings per share, which of the following would constitute a simple capital structure?common shares and convertible bondsearnings derived from one primary line of businesscommon shares and convertible preferred sharescommon shares and non$-$convertible preferred sharesWhich of the following is the formula to compute EPS?$($Net income $-$ Preferred dividends$)-$:Average number of shares outstanding$($Net income $-$ Preferred dividends$)-$:Weighted average number of shares outstanding$($Net income $+$ Preferred dividends$)-$:Weighted average number of shares outstandingNet income $-$: Number of shares outstandingMultiple choice question choose one correct answer of each question