Home › CA Final › financialreporting › Ind AS 33 — Earnings Per Share: Basic EPS, Preference Share Adjustments, Increasing-Rate Preference Shares, Redemption/Early Conversion
CA Final Ind AS 33 — Earnings Per Share: Basic EPS, Preference Share Adjustments, Increasing-Rate Preference Shares, Redemption/Early Conversion — practice questions
16 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Final Ind AS 33 — Earnings Per Share: Basic EPS, Preference Share Adjustments, Increasing-Rate Preference Shares, Redemption/Early Conversion in the app →Under Ind AS 33, BASIC EPS is calculated as:Under Ind AS 33, when an entity presents both consolidated and separate financial statements, EPS disclosures Dividends on preference shares classified as FINANCIAL LIABILITIES under Ind AS 32 are, for EPS purposes:Cumulative preference dividends on EQUITY-classified preference shares for the current period are:Entity D issued ₹100 par cumulative class A preference shares on 1 Jan 20X1 at ₹81.63 each (a discount), entitABC Ltd. repurchases preference shares with carrying amount ₹100 each for ₹120 each cash. For EPS purposes:ABC Ltd. induces early conversion of preference shares by paying additional consideration of ₹1 per share on 1An entity repurchases EQUITY-classified preference shares at a DISCOUNT to carrying amount: carrying ₹50,000, Adjustments to EPS numerator for year 20X4: PAT ₹1,50,000; amortisation of discount on increasing-rate prefereABC Ltd. issues 9% preference shares of ₹10 each, total issue value ₹10 lakh; 5-year tenor at redemption valueAn entity has NON-cumulative preference shares (equity-classified) for which it CHOSE NOT to declare any dividAn item of income/expense is required to be in P&L per Ind AS but the entity instead credits/debits securitiesAn entity's preference shares are classified as a financial LIABILITY. The interim period sees an unfavourableInd AS 33 lists examples of POTENTIAL ORDINARY SHARES. Which is NOT one?An entity issued preference shares at a premium of ₹1,00,000 to compensate buyers for an ABOVE-market dividendIdentify the correct statement about EPS computation under Ind AS 33.