Find entity shall measure the goods or services received

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Reference no: EM132807837

Problem 1: For equity settled share-based payment transactions, the entity shall measure the goods or services received and the corresponding increase in equity

Group of answer choices

Option 1: directly at the fair value of the goods or services.

Option 2: directly at the fair value of the goods or service or indirectly at the fair value of the equity instruments.

Option 3: indirectly at the fair value of the goods or services or directly at the fair value of the equity instruments.

Option 4: directly at the fair value of the equity instruments.

Problem 2: 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.

Reference no: EM132807837

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