Question: 1 . A company has cumulative preferred stock. When computing EPS, the current year s dividends not declared or paid on the preferred stock should

1. A company has cumulative preferred stock. When computing EPS, the current years dividends not declared or paid on the preferred stock should be
A. Deducted from earnings for the year
B. Deducted, net of tax effect, from earnings for the year
C. Deducted from earnings in the year they are paid
D. Ignored

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