Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 34

When a corporation has outstanding both common and preferred stock:
a.asic and diluted earnings per share are reported only if the preferred stock is cumulative.
b.arnings per share is reported for each type of stock outstanding.
c.arnings per share is computed without regard to the amount of the annual preferred dividends.
d.arnings per share is computed without regard to the amount of dividends declared on common stock.