Asked by alexis nuara on May 04, 2024
Verified
The disclosure of earnings per share is
A) not required to be reported under ASPE or IFRS.
B) not required to be reported under IFRS.
C) required to be reported under ASPE.
D) required to be reported under IFRS.
ASPE
Accounting Standards for Private Enterprises; a set of accounting principles and standards in Canada designed for private companies.
IFRS
International Financial Reporting Standards, which are global standards for how particular types of transactions and other events should be reported in financial statements.
- Comprehend the consequences of calculations and classifications related to earnings per share.
- Determine the disclosure obligations for earnings per share pursuant to various accounting regulations.
Verified Answer
VJ
Vivaldi JacquezMay 10, 2024
Final Answer :
D
Explanation :
Earnings per share (EPS) is a required disclosure under International Financial Reporting Standards (IFRS), which is aimed at providing a consistent and comparable method to report the profitability of a company on a per-share basis.
Learning Objectives
- Comprehend the consequences of calculations and classifications related to earnings per share.
- Determine the disclosure obligations for earnings per share pursuant to various accounting regulations.