You have been provided with the following information for the year ended 30 June 2022 for ABC Ltd: R Net profit for the year -R1 800 000 Weighted average number of shares (WANOS) outstanding during the year-R 120 000 Average fair value per share -R30.00 Weighted average number of shares (WANOS) under option during the year -R25 000 Exercise price for shares under option during the year -R28.00 REQUIRED: Q.2.1 Explain the purpose and objective of disclosing diluted earnings per share.

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