UTCC Travel Companyreported net income for 2019 in the amount of $50000.During2019,UTCCdeclared and paid$2000in cash dividends on its nonconvertible preference sharesUTCCalsopaid$10000cash

dividendsonits ordinarysharesUTCChad40,000ordinaryshares outstandingfrom January1until 10000newshares were sold for cash on July 1,2019.A 2-for-1share split was granted on July5,2019.Whatis the 2019 basic earnings pershare?(require 2 decimal places)

Transactions that represent noncash investing and financing activities are reported in the disclosure notes.

True

False

Under IFRS,a companyis allowed to report dividendsandinterestreceivedaseitheran operating or a financing cash inflow.

True

False