Solution-Which the income tax expense for the second

Which the income tax expense for the second quarter should

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Reference no: EM132765912

Problem 1: Under PAS 33, all of the following items must be disclosed in relation to earnings per share, except

a) Forecast earnings per share for the following financial year.
b) Instruments that could potentially dilute basic earnings per share in the future but were not included in the diluted EPS because these are antidilutive in the current period.
c) The weighted average number of ordinary shares used to calculate earnings per share
d) The earnings figures used in calculating basic and diluted earnings per share

Problem 2: For interim financial reporting, the income tax expense for the second quarter should be computed by using the

a) Statutory tax rate for the year
b) Effective tax rate expected to be applicable for the second quarter
c) Effective tax rate expected to be applicable for the full year as estimated at the end of the first quarter.
d) Effective tax rate expected to be applicable for the full year as estimated at the end of the second quarter.

Reference no: EM132765912

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Which the income tax expense for the second quarter should

Reference no: EM132765912

Reference no: EM132765912

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