Multiple Choice
A company already has calculated its basic earnings per share (EPS) .In determining diluted earnings per share,the annual dividend on convertible cumulative preferred stock which is dilutive should be
A) added back to the number of basic EPS whether declared or not.
B) deducted from the numerator of basic EPS only if declared.
C) added back to the numerator of basic EPS only if declared.
D) deducted from the numerator of basic EPS whether declared or not.
Correct Answer:
Verified
Correct Answer:
Verified
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