Which of the following is correct under the scope of IAS 33?
A. For contracts that may be settled in ordinary shares or cash at the holder’s option, the more dilutive of cash settlement and share settlement shall be used in calculating diluted earnings per share.
B. An entity that reports a discontinued operation is not required to disclose the basic and diluted amounts per share for the discontinued operation.
C. Antidilution is a decrease in earnings per share or an increase in loss per share resulting from the assumption that convertible instruments are converted, that options or warrants are exercised, or that ordinary shares are issued upon the satisfaction of specified conditions.
D. When an entity has issued a contract that may be settled in ordinary shares or cash at the entity’s option, the entity shall presume that the contract will be settled in cash.
B. An entity that reports a discontinued operation is not required to disclose the basic and diluted amounts per share for the discontinued operation.
Under IAS 33, entities are required to calculate and present both basic and diluted earnings per share for the continuing operations, but they are not required to provide these disclosures for discontinued operations. Therefore, the correct answer according to the context of IAS 33 is B.
