Reference no: EM132787489

Problem 1: Which of the following statements is incorrect in relation to presentation of earnings per share?

1. An entity shall present on the face of the income statement basic and diluted earnings per share for income from continuing operations.

2. An entity that reports a discontinued operation is not required to disclose the basic and diluted earnings per share for the discontinued operation either on the face of the income statement or in the notes.

Group of answer choices

Option 1: Both statements are false.

Option 2: Both statements are true.

Option 3: Only statement 2 is true.

Option 4: Only Statement 1 is true.

Problem 2: For transactions with employees and others providing similar services, the fair value of the equity instrument granted is measured on

Group of answer choices

Option 1: exercise date.

Option 2: grant date.

Option 3: end of reporting period.

Option 4: beginning of the year of grant.