A Company Issues Bonus Shares for No Consideration on 1

A company issues bonus shares for no consideration on 1 August 2021. For the reporting period ended 30 June 2022, the calculation of:

A) only basic earnings per share must be adjusted retrospectively for all periods that are presented in the financial statements.
B) only the diluted earnings per share must be adjusted retrospectively for all periods that are presented in the financial statements.
C) both basic earnings per share and diluted earnings per share may be adjusted retrospectively at the option of the entity for all periods that are presented in the financial statements.
D) both basic earnings per share and diluted earnings per share must be adjusted retrospectively for all periods that are presented in the financial statements.

Correct Answer:

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