The 'Earnings Per Share' (Ind AS 33) requires disclosure of: MCQ with Answer and Explanation

Question

Share Report Error

The 'Earnings Per Share' (Ind AS 33) requires disclosure of:

A. Basic EPS only

B. Basic and diluted EPS

C. Diluted EPS only

D. Cash EPS

Answer: Option B

Solution (By JKSSB Mock Tests)

Ind AS 33 mandates both basic and diluted EPS for entities whose shares are publicly traded.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Practice More Accountancy and Book Keeping Questions

Question #1

The 'Transfer Price' in cost accounting for internal transfers is:

A. Government regulated price

B. Price at which goods/services are transferred between divisions of the same company

C. Cost plus fixed profit

D. Market price only

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Correct Answer: Option B

Explanation:
Transfer price is the value placed on internal transfers between responsibility centres.

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Question #2

The 'Dividend Distribution Tax' (DDT) was abolished and dividend now taxed in hands of:

A. No tax

B. Both

C. Shareholder

D. Company

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Correct Answer: Option C

Explanation:
From FY 2020-21, DDT was abolished; dividend is taxable in the hands of shareholders.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

The 'Interest Coverage Ratio' is:

A. Sales / Interest

B. Equity / Interest

C. EBIT / Interest

D. Net profit / Interest

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Correct Answer: Option C

Explanation:
Interest coverage ratio = Earnings before interest and taxes (EBIT) / Interest expense.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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