When calculating the number of shares for diluted earnings per share: Select all that apply. The number of dilutive potential ordinary shares that must be included in the year-to-date period calculation is the weighted average number of the dilutive potential ordinary shares included in each interim dilutive earnings per share computation. The number of ordinary shares shall be the weighted average number of ordinary shares as calculated for basic earnings per share plus the weighted average number of ordinary shares that would be issued on the conversion of all dilutive potential ordinary shares. Dilutive potential ordinary shares (e.g., convertible securities, warrants, share options and contingently issuable shares) are deemed to have been converted, exercised or issued into ordinary shares at the end of the current reporting period. Dilutive potential ordinary shares shall be determined independently for each period presented.

When calculating the number of shares for diluted earnings per share: Select all that apply. The number of dilutive potential ordinary shares that must be included in the year-to-date period calculation is the weighted average number of the dilutive potential ordinary shares included in each interim dilutive earnings per share computation. The number of ordinary shares shall be the weighted average number of ordinary shares as calculated for basic earnings per share plus the weighted average number of ordinary shares that would be issued on the conversion of all dilutive potential ordinary shares. Dilutive potential ordinary shares (e.g., convertible securities, warrants, share options and contingently issuable shares) are deemed to have been converted, exercised or issued into ordinary shares at the end of the current reporting period. Dilutive potential ordinary shares shall be determined independently for each period presented.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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For the purpose of calculating earnings per share (EPS), the denominator is:Select one:a. Outstanding ordinary shares at balance date.b. Weighted-average number of the sum fully paid ordinary shares and partly paid equivalents.c. Outstanding ordinary shares at balance date and weighted-average number of fully paid ordinary shares.d. Weighted-average number of fully paid ordinary shares.
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Required: Determine the following items based on Eldon's balance sheet. Round all calculations except per-share amounts to the nearest whole number; round per-share amounts to the nearest cent. The par value of the common stock $? per share