Under the provisions of Australian Accounting Standard AASB 133,a basic earnings per share is calculated as:
A) profit or loss including extraordinary items and after income tax expense ÷ weighted average number of ordinary shares outstanding during the reporting period
B) profit or loss excluding extraordinary items and before income tax expense ÷ weighted average number of ordinary shares outstanding during the reporting period
C) profit or loss including extraordinary items but before income tax expense ÷ weighted average number of ordinary shares outstanding during the reporting period
D) profit or loss before income tax expense ÷ weighted average number of ordinary shares outstanding during the reporting period

Question

Quizplus · Accepted Answer

According to AASB 133, basic earnings per share is calculated as profit or loss including extraordinary items and after income tax expense divided by the weighted average number of ordinary shares outstanding during the reporting period. Therefore, option A is the correct answer.

Under the Provisions of Australian Accounting Standard AASB 133,a Basic