Question: View PoliciesCurrent Attempt in ProgressIn calculating diluted earnings per share, how are dividends on cumulative preferred stock treated? The current year dividend is deducted from

View PoliciesCurrent Attempt in ProgressIn calculating diluted earnings per share, how are dividends on cumulative preferred stock treated? The current year dividend is deducted from net income whether declared or not in the calculation of diluted EPS. Dividends on cumulative preferred stock are not included in the calculation of diluted EPS. The current year dividend is deducted from net income only if declared in the calculation of diluted EPS. The current year dividend is added back to net income whether declared or not in the calculation of diluted EPS. Attempts: 0 of 2 used

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