Basic and fully-diluted earnings per share under IFRS must be shown for:
A)Net Income only
B)Total Comprehensive Income
C)Income from continuing operations only
D)Income from continuing operations and net earnings

Question

Quizplus · Accepted Answer

Under IFRS, both basic and fully-diluted earnings per share must be shown for income from continuing operations and net earnings. This is because these are the most relevant earnings figures for investors and analysts to evaluate the performance of the company. Comprehensive income includes non-operating gains and losses, which are not as useful for evaluating operating performance, so it is not required to disclose basic and fully-diluted earnings per share for comprehensive income.

Basic and Fully-Diluted Earnings Per Share Under IFRS Must Be