Question: 7 Select all correct statements: When an entity has issued a contract that may be settled in ordinary shares or cash at the entity's option,

7 Select all correct statements: 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. An entity that reports a discontinued operation is not required to disclose the basic and diluted amounts per share for the discontinued operation. Convertible debt is antidilutive whenever its interest (net of tax and other changes in income or expense) per ordinary share obtainable on conversion exceeds basic earnings per share. 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

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