Chapter 7
Corporations: The Financial Statements
326
AS-14 (
6
)
Name a key profitability indicator that is required to be presented on the statement of
comprehensive income by a public company under IFRS and provide the formula to arrive at
this indicator.
AS-15 (
6
)
Why is the weighted average number of shares outstanding used as a denominator when
calculating earnings per share? How is the weighted average number of shares calculated?
