If the entity has a discontinued operation, then it must also calculate and disclose the:
A) the basic and diluted earnings per share ratios for the discontinued operation in the statement of profit or loss and other comprehensive income.
B) the basic earnings per share ratio only for the discontinued operation in the statement of profit or loss and other comprehensive income.
C) the diluted earnings per share ratio only for the discontinued operation in the statement of profit or loss and other comprehensive income.
D) the basic and diluted earnings per share ratios for the discontinued operation in the statement of profit or loss and other comprehensive income only if the discontinued operation contributed a profit in the current reporting period

Question

Quizplus · Accepted Answer

If an entity has a discontinued operation, it must calculate and disclose both the basic and diluted earnings per share ratios for the discontinued operation in the statement of profit or loss and other comprehensive income. This is required regardless of whether the discontinued operation contributed a profit in the current reporting period or not.

If the Entity Has a Discontinued Operation, Then It Must