Question: Air Canada has a complex capital structure, and its shares trade on the Toronto Stock Exchange. The company produces financial statements in accordance with IFRS.

Air Canada has a complex capital structure, and its shares trade on the Toronto Stock Exchange. The company produces financial statements in accordance with IFRS. Access the company

s financial statements for the year ended December

31, 2020,

from either its website or www

.

sedar.com.

1 .

Review the financial statements and the accompanying notes to determine how the company calculated the

2020

and

2019

basic and diluted earnings per share. Provide a breakdown of the calculation where possible and indicate where the information can be found.

2 .

Was any information excluded from the calculations? If so

,

what was excluded and why?

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