Question 1 Which of the following is correct regarding the presentation requirements related to basic and diluted earnings per share? If amounts of basic and diluted earnings per share are negative (that is, a loss per share), an entity shall present them as nil If diluted earnings per share is reported for at least one period, it shall be reported for all periods presented, even if it equals basic earnings per share. Even when basic and dilluted earnings per hare are equal, an entity needs to present each of them in a separate line on the income statemnet