In Computing the Earnings Per Share of Common Stock,noncumulative Preferred

question 69

Multiple Choice

In computing the earnings per share of common stock,noncumulative preferred dividends not declared should be

• A) deducted from the net income for the year,net of tax.
• B) added to the net income for the year.
• C) deducted from the net income for the year.
• D) ignored.