When a Corporation Has Outstanding Both Common and Preferred Stock

When a corporation has outstanding both common and preferred stock:

A) Basic and diluted earnings per share are reported only if the preferred stock is cumulative.
B) Earnings per share are reported for each type of stock outstanding.
C) Earnings per share are computed without regard to the amount of dividends declared on preferred stock.
D) Earnings per share are computed without regard to the amount of dividends declared on common stock.